http://news.yahoo.com/s/ap/20080715/ap_ ... oil_prices

Mounting concerns about the risks inflation poses to the United States, the world's biggest oil consumer, helped spark the declines.
I'm betting that oil producing countries are freaking out now that US drilling is a possibility. GOOD! I hope we do drill off the Alaskan coast and all the oil rich countries profits plunge way down! That'll teach them to hold any country hostage to their greed.