In an earlier post discussing gas prices, I gave a handful of reasons for the increase that it is hurting us all. One reason was that the U.S., with it's huge reserves of oil, functions under a policy that prohibits us from retrieving it.
Well, it's been a couple weeks now since the all knowing President made his announcement(on a weekend of course, to minimize the media attention), that the U.S. does indeed plan on expanding exploration and drilling in areas that have been previously forbidden. Oil prices have been bid slowly down ever since, thus dropping the price of gas. Where I live, it is now 42 cents/gallon less than just two weeks ago. The free market at work.
Is it too cynical to think that the Prez looked at his calender and realized there is an election coming up in less than a year and a half? Nope. My guess is that is exactly what has transpired here. Interesting how a guy who is owned in part by the lunatic fringe of tree huggers will gladly sell them out to save his own hide.
At least this compromise of principles by the Prez is in a positive way for the nation--for once.