He says drill. Oil prices drop immediately. The press doesn’t see the connection.Read the summary of the reportage, but needless to say they mentioned just about everything but the above.
And on top of that, dropping oil prices now are a bad thing.
To recap: President Bush officially announced at a press conference a lift on the presidential ban on offshore drilling — at 10:20 a.m. on Tuesday.
At 11 a.m. on Tuesday, oil prices began a slide from about $145 a barrel to just under $130.
That’s a 10% drop.
How has the press reported this?
Don Surber -- Ignoring Bush