Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

AP: McCain credits Bush for drop in oil price

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
democratdoug Donating Member (60 posts) Send PM | Profile | Ignore Wed Jul-23-08 03:10 PM
Original message
AP: McCain credits Bush for drop in oil price
By TOM RAUM, Associated Press Writer
15 minutes ago

WILKES-BARRE, Pa. - Republican John McCain on Wednesday credited the recent $10-a-barrel drop in the price of oil to President Bush's lifting of a presidential ban on offshore drilling, an action he has been advocating in his presidential campaign. The cost of oil and gasoline is "on everybody's mind in this room," McCain told a town-hall meeting.

He criticized Democratic rival Barack Obama for opposing drilling on the Outer Continental Shelf.

Bush recently lifted the executive order banning offshore drilling that his father put in place in 1990. He also asked Congress to lift its own moratorium on oil exploration on the outer continental shelf which includes coastal waters as close as three miles from shore.

"The price of oil dropped $10 a barrel," said McCain, who argued that the psychology of lifting the ban has affected world markets.

The White House didn't go that far. Presidential spokeswoman Dana Perino said the price drop also could reflect diminished demand.

"I don't know if we fully deserve the credit," Perino said.

"We don't predict what happens in the market," she said. "We can't really tell. Certainly, taking that action would send a signal that at least the executive branch is serious about moving forward and increasing the supply we have in America."

There are 42 gallons in each barrel.

A barrel of light, sweet crude fell $1.86 to $126.56 on the New York Mercantile Exchange. That's down from more than $140 a barrel earlier in the summer.

McCain also said Obama's Iraq policies amount to "unconditional withdrawal." His criticism of his Democratic rival has heated up as Obama has drawn the lion's share of attention over the past few days for his visit to Afghanistan, Iraq, Israel and other destinations.

McCain said Obama's plan to withdraw U.S. troops over a 16-month period "could lead to a resurgence in our enemies, and we would have to come back."

Under a McCain presidency, the Arizona senator said, "we will never have to go back. We will have won this conflict."

McCain campaigned in this key battleground state. Democrats Al Gore and John Kerry carried the state in 2000 and 2004 while losing nationally to Republican George W. Bush. Democrat Hillary Rodham Clinton easily bested Obama in winning the Pennsylvania primary in April.

McCain said that the cost of oil and gas was "an energy issue, an environmental issue and a national security issue."

McCain also said that, if elected, he'd have a news conference once a week.

He also suggested that he would regularly submit himself to questioning before the House speaker and minority leader just as "the British prime minister goes before Parliament and answers some pretty interesting questions."

"Why not," asked McCain. "I think it would be fun."

He was spending the day campaigning in Pennsylvania, and then heading to Ohio. McCain had planned to go to Louisiana but was forced to cancel the trip due to severe weather. There had been speculation that he would meet with a potential vice presidential pick, Gov. Bobby Jindal, while in Louisiana.
Printer Friendly | Permalink |  | Top
Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 03:12 PM
Response to Original message
1. What a coincidence.
I too credit Dear Leader for something good: my last healthy shit.
Printer Friendly | Permalink |  | Top
LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 03:13 PM
Response to Original message
2. but I guess talking to Iran had nothing to do with it
Printer Friendly | Permalink |  | Top
elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 03:16 PM
Response to Reply #2
4. Announcing curbs on speculative oil trading might figure in, too
duh, everybody
Printer Friendly | Permalink |  | Top
Rockholm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 03:15 PM
Response to Original message
3. Bush is responsible for them going up!
Printer Friendly | Permalink |  | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Oct 23rd 2017, 07:45 PM
Response to Original message
Advertisements [?]

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC