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Diane Francis: McCain's Energy Ignorance

John McCain foolishly credited the recent $10-a-barrel drop in the price of oil to President Bush's lifting of the offshore drill ban. What's he going to do when prices nudge or jump upwards again? Is he going to admit that White House announcements about offshore drilling have nothing to do with today's supply-demand influences on oil prices? How can offshore drilling, not even approved by the states involved, affect spot oil prices when it will take years to produce a single drop of oil from these areas? McCain's statement was so ignorant it was even debunked by a Bushie. "I don't know if we fully deserve the credit," said spokeswoman Dana Perino. "We don't predict what happens in the market. We can't really tell. Certainly, taking that action would send a signal that at least the executive branch is serious about moving... [read full story]                    

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