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"
http://www.nytimes.com/2008/07/14/washington/14drillcnd.html...
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