Quote:
Originally Posted by djplong
Be careful. What caused the collapse of oil prices was the reduction in demand because of the world-wide recession aggravated when the credit markets collapsed as the credit-swaps went toxic.
In other words, if you REALLY want to give Bush credit for that, you could say he lowered oil prices by nearly plunging the entire planet into a depression (thereby reducing demand for oil).
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Why you telling me? I was responding to Jan's alluding to Bush's impact on oil prices and I responded in kind.
Also I think your analysis is very slanted. He plunged the world into recession?; seriously. You hanging out with Jan and Wayne now?