No. of Recommendations: 2
"Bush went on TV and said he needed $900 billion (no questions asked) or the financial sector would go into free fall. It went into free fall anyway and dragged the price of gas down with it. It hit $1.60 per gallon and was still depressed when Obama took office. The price of gas subsequently went back to its usual levels.


Proton has it wrong as usual.

Below is the reaason for the drop. Obama in February 2009 put the moratorium back in place. It is not coincidence that the price of oil drop and rise coincided with these dates.

"Bush Lifts Drilling Moratorium"
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.