To see the answer go to Don Surber's column here.[Bush] says drill. Oil prices drop immediately. The press doesn’t see the connection.
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?
To clarify: the title is excerpted from Act 1 of Shakespeare's Love's Labour's Lost. The full quote goes: "Light, seeking light, doth light of light beguile; So ere you find where light in darkness lies, Your light grows dark by losing of your eyes." It's a warning against spending too much of your life in scholarly pursuits.
Day By Day
Friday, July 18, 2008
Denying Credit Where It's Due
The MSM is falling all over itself trying to deny that President Bush has anything to do with the decline in oil prices.