Oil Price Plunges

What have I been telling you? Since late Friday we've seen Barack Obama flip-flop on domestic drilling in Florida and the House Republicans stage a sit-in of sorts on the House Floor over oil drilling. Come Monday morning what happens? Oil drops $4 right out of the gate.

I'll say it again...you don't have to drill to get oil prices to go down (though it helps), you first need to let the world know you're willing to do it! That's how the markets work, especially the oil market. It's based on predictions and the current state of affairs. It's also the same with foreign policy. A country like Iran isn't going to concede to certain demands unless we show that we're willing to take them on militarily if necessary. That's why the Bush Administration has said for years, "nothing is off the table." It all comes down to intentions.