Oil opened higher than its previous close for the past two days, but has dropped (so far) both days, and as of this writing is below $128/Barrel.  This is a $19 drop since Bush lifted the executive restrictions on offshore drilling on a steady downward price trend.  (I’m still not sure why he didn’t just do that sooner.  And, yes that does bother me.)  In my neck of the woods this has pushed gas prices back down to below $3.95/gallon, and as low as $3.90 in a few spots.  Not great, but better.  If congress acts now, instead of waiting until September 30^th,(when the congressional restrictions expire automatically)  we could reap some in-pocket cash benefits as gas and oil—aseverything that uses it (or needs it) has a chance to drop back from months of cost increases.  This is serious business.  We could see some real benefits for the middle-class if they act now.  Unfortunately for us they will probably avoid the outer continental shelf like the plague.   It’s like the holy grail of greendom or something.

I guess the important question becomes this; since democrats have refused to accept any blame for the economic stagnation and decline since they took over in 2006,  will they let the economy drag in hopes of improving their electoral chances in November by pinning it all on their opponents, (even when they have the power to improve things) or will they live up to their “helping the middle class” mantra and do something that really will make life easier for us without adding more government?

With a 9% approval rating, I’m thinking they better act quick.  Drill it!