DAYTON, Ohio - Republican John McCain introduced first-term Alaska Gov. Sarah Palin as his vice presidential running mate Friday, a stunning selection of a little-known conservative newcomer who relishes fighting the establishment.
NEW YORK (CNNMoney.com) -- U.S. crude futures for October delivery dropped $5.75 a barrel to settle $109.71. It was the lowest oil has settled since April 8, according to the U.S. Energy Information Administration.
Oil prices extended their decline Wednesday…
Crude futures for October delivery were down $1.80 to $107.91 a barrel
Correlation obviously does not necessarily mean causation, but you name a pro-drilling Alaska Governor to the Republican ticket and look what happens…
Oil traders banking on high oil prices to make a profit probably need not be terribly worried about Palin at this point. Not as worried as the caribou in ANWR should be, what with the prospect of facing the famed hunter with the power of the office of vice president in her possession, eager to exploit the oil rich area.
She won’t be culling herds of caribou in ANWR.
Ah, but think about it … Cheney will be out of office in a few months.
Cheney typically gets his outdoor mojo on in Jackson Hole, WY (that is, unless he’s fishing with “naked ladies” in Idaho when he’s in a good mood or hunting quail in South Texas when he’s in a bad mood), so the Alaskan caribou are safe.
But, perhaps Cheney should be worried – Palin does relish taking on big oil.
It’s Obama who should be worried, what with his big oil connections and actually facing her in the election.