I almost fell out of my seat when I read this one. McCain claims Bush is to be thanked for lifting the offshore oil drilling ban, because it caused a $10.00 drop in the price of a barrel of oil.
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.
Mmm-hmmm. Sure. Gas prices are still the same AND those public resources which belong to all of us are now being offered free to oil companies to sell on the global market. Wheeeeeeee!!!
"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."
Even the White House is throwing him under the bus on this comment. That's pretty sad John.