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region50 asked in Politics & GovernmentPolitics · 1 decade ago

With Oil prices dropping now will the people who were blaming the democratic congress for its rise now

praise the democratic congress for the fall in oil prices or will they make up some other excuse.

Update:

Many of your answers are what I expected be the first to blame but deny it when it turns around.

21 Answers

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  • SuznAz
    Lv 4
    1 decade ago
    Favorite Answer

    No. Those who blame the Democratic congress are primarily Republicans and they won't praise the opposition, especially in this crucial election year. Even as prices fall they are staging a silly out of session session demanding we drill for oil in every nook and cranny and off shore area...even though were that to produce oil we wouldn't see any for a decade. Why? Because oil company cronies want to grab all the land and sea they can before the bush regime ends. Why aren't more people asking oil companies to work with the millions of acres of oil leases they already hold before grabbing more?

  • 5 years ago

    He has a development of blaming each little thing for the final seven years on Democrats. If issues had long gone nicely he might have taken the credit, incredibly, by using his very own administration failings, hes had to take conceal. Alaska and Florida the two with oil reserves, have consistently fought to no longer have greater drilling, the two are extremely purple states. Congress for 6 years did no longer push regardless of the indisputable fact that greater drilling, greater refineries, greater something...they sat on their palms regardless of a sparkling majority interior the administrative and legislative branches. Its no longer the Democrats that neglected the prospect to shove it with the aid of, its the Republicans who did no longer want their state annoying approximately oil spills interior the barren region and offshore injuries. In those six years, had they been extreme, they might have rewritten those environmental regulations, they did no longer. In those six years they might have allowed darn close to something, yet they did no longer. The concept that throughout eighteen months the Democrats with their one vote majority might have triumph over a definite veto, is so off the wall that i do no longer comprehend how every physique can heavily be envisioned to believe that. to no longer point out the Iran war, which took their oil off the marketplace, and now its decrease back at a significantly decrease output. do no longer you think of that has some thing to do with the fee of oil? Or the declining fee of the greenback by using our extreme debt due back to the Iraqi war?

  • 1 decade ago

    ..Democratic Congress?....Blame for rise or fall in Oil prices?...LOL

    ..My goodness, do some Americans think that their current government -- whether Democrat or Republican -- can control the price of oil ?

    Think again, guys.

    With America currently in a Subprime Credit mess, the dollar trashed and volatile, Climate Change problems, a World Food Crisis -- and you really think that the Democratic Congress has any bloody effect on oil?

    I'm losing heart here.....and from what I've read, some people actually beleive it..!!

    Dream on...

  • 1 decade ago

    It was never about the Congress it was all about worldwide demand. Since Gas hit 4 dollars a gallon people started driving less. The demand was lowered so the price was lowered. Simple supply and demand. If people would continue to conserve energy the price will go down further, but I have a feeling that people will start driving more now that the cost is lower, which will then cause the price to rise again.

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  • Nope
    Lv 5
    1 decade ago

    I doubt that the Democratic Congress had anything to do with the price of oil falling, considering that the speculators in the market are now bailing out. If anything, Bush's lift on the drilling ban pushed the speculators out of the market, and, thus, dropped the price of oil.

    If the Democrats want my praise and support, perhaps they should come through with some of those promises that they made for the 2006 Elections.

  • whimsy
    Lv 5
    1 decade ago

    Well, the price increase caused a decrease in Demand which led to lower prices....

    Heck, some folks are still blaming Clinton for 9/11, the Terrorism, etc., so no doubt, Congress will still be blamed by many.

  • Anonymous
    1 decade ago

    The issue is not about what gasoline sells for today. The issue is our dependence on foreign oil. 70% of our oil comes from foreign sources. If they decide they don't want to sell to us, what do we do. Wise up. We need domestic sources of oil for national security.

  • 1 decade ago

    It is neither parties' fault or success.

    It is economics.

    Currently oil has a negative correlation with the dollar (the monetary unit by which it is traded). It is simply a hedging tool. You should remember when gold was tied to the dollar....

    Learn economics please.

  • Anonymous
    1 decade ago

    And likewise, those who blamed President George Bush for rising oil prices should likewise praise President Bush.

  • Anonymous
    1 decade ago

    They are dropping because the dems are taking their much deserved "holiday". Maybe if they don't reconvene, the prices will drop even further.

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