Since the democrats took control of the House and Senate , the price of Crude oil jumped from $60.73 to over $ 143.00 a barrel.

The Unemployment rate was 4.5% in Dec 2006.. It's now over 5.5%.

The consumer price index for all food inceased went from 4.8% from Jan 2007 to Feb 2008.

American households have seen $2.5 trillion inequity investment values evaporate between Jan 2007 and May 2008.

Since Jan 2007, median home prices were down 22.6% for detached homes, and 20.6% for condos.

Americans have seen their home equity drop by $1.4 TRIILLION dollars since Jan 2007.

In Jan 2007 the Consumer Confidence Index was at 95.3 point. The Index now stands at 64.5

America voted for CHARGE in November of 2006, and we got it with the Democrat Congress.. Congress "NOT THE PRESIDENT" initiates all spending and tax legislation.

Can our nation survive more Democrat Change in November 2008? "Change may be the only thing we have left in your pockets". Wake up people...

Obama is an economic nightmare.. Are you aware that Obama comes from the "Most Deficit Ridden State in America" .. His home state is in the Worst fiscal crisis in the states history..

really now - are you really that stupid... i guess that you are not only stupid but dumb as well.... 99% of what you state in COMPLETELY the REPUBLICIANS fault & doing... this is nothing new because every time the REPUBS are in office - THEY -- screw things up big time & the DEMS have to come in & clean things up... that is why the DEMS get blamed for everything.... there is a LAG time... therefore it will be at least 3 years before the DEMS demonstrate once again that they are the FIXERS... the REPUBS spend spend & spend & then the DEMS have to come in a& raise taxes etc etc to FIX things....

I sure would like to know what the other two comments have in common with offshore drilling in the Gulf of Mexico???
The probability of new fields being in deep water in the Gulf are a near certainty and that is why there is interest. The investment is high and the technology to drill in deep water is fairly new, but reasonably safe as it has been done. HOWEVER, even if they find a dozen that are high yield it will take years before anything comes of it. IN OTHER WORDS, IT WILL NOT DO A DAMN THING FOR PRICE AT THE PUMP FOR A LONG TIME - IF EVER.
I am hardly on the side of the enviro lobby, but I am not with big oil either. THERE IS NO SHORTAGE of oil, but there is a shortage of refining capacity and that can be blamed on the oil companies. There is a shortage of independence and intelligence in Congress. That we can blame on ourselves for letting political action committees and other special interest groups dictate policy and also being lax with your vote. The U.S. public pays little attention to the political arena and gets snowed on a regular basis. Mr. Obama is a very good orator with little experience but a very good line and Mr McCain is a poor orator with a lot of experience.
I don't particularly like either, but I would go with McCain on domestic and international policy and that is what is going to count. What they have to say about the housing crisis is moot. Neither can do much and our Democrat controlled Congress can't either.
Getting back to the blog - drilling is a must as it is the only thing that is going to motivate the oil companies. J. Q. Public is going to get screwed one way or another but at least there will be some oil around in our backyard that we don't have to import. Let's just make sure that some of the conditions are that they don't find it and than export it elsewhere. I bet Congress did not think of that!
We don't have to look for oil in Yellowstone - all we have to do is tap the thermals - just like iceland. There is enough geothermal there is make all the electricity this county would ever need. This has two drawbacks - 1. The enviro lobby would go bat s--t if it is even proposed. 2. It is a semi dormant super volcano and if it goes active all the investment would go too. But, as science figures, so would the entire U.S.
Mention Yellowstone when winter arrives and people can't afford heat - will get a better reception.

My dad would alway say, let the bastard freeze in the dark. High prices will change a lot of minds.
www.theinvestingspeculator.com

Joe..."you are not only stupid but dumb"? Typical Democrat. And remember Joe, when you put up an argument with someone who is putting up tons of statistics and facts, it helps to throw some back. Your rebuttal amounts to nothing more than, "I know what you are, but what am I?"
And William, shame on you because you seem vastly more intelligent than Joe. "If we drill now, we won't see anything for years"? OK, so what? Since there isn't any quick fix; drilling, bio, fuel cell, etc., what is the harm of drilling now so at least we can be free, or at least less dependant, of foreign crude five years from now? Oh, and for those who say the little bit we get won't make a difference should remember this; any crude we get from home; that revenue stays at home. Everybody forgets our trade deficit in all of this. All crude bought in the US lowers the deficit. And that, my friends, affects everything. From what you pay at the pump to the price of bananas.
"Buy American" is not just a slogan; it's our only chance to survive the global disaster that is the world economy.