blackvegetable
Verified User
come on, please tell me you aren't unaware of something that basic.......if you're that ignorant you may even have voted for Obama.......
1) Bush issues executive order July, 2008....http://www.cnn.com/2008/POLITICS/07/14/bush.offshore/index.html?_s=
2) crude prices drop from a high of $156.62 to a low of $48.41 starting in July of 2008.....http://www.macrotrends.net/1369/crude-oil-price-history-chart
3) Obama reinstates the ban by executive order in February, 2009...http://www.washingtontimes.com/news/2009/feb/11/drilling-ban-revisited/
4) crude prices began rising in February 2009 and were nearly double for the next five years......http://www.macrotrends.net/1369/crude-oil-price-history-chart
you guys should have started posting here years ago, you wouldn't be so painfully ignorant of the world around you.....
You're as fucking stupid as the late Kunnybas......If you think those two executive orders moved the market to that degree, you are an idiot. Oil plummeted in 2008, after a panic induced run up, as demand collapsed as a consequence of The Great Recession. Prices rebounded with the economic recovery, and dropped again when OPEC had to throw in the towel in Dec 2015.