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In the last week or so we've gone from $4.25 to $3.84
That drop in price is due to no small part played by Bush lifting the executive ban on off-shore drilling and the momentum in Congress to pass pro-drilling legislation. The markets and speculators have taken heed of this and, as you can see, even the mere mention that we are going to increase world oil supply has had an effect. In fact, as soon as Bush announced his lift of the executive order, the world price of oil per barrel dropped and has continued so.