Did you feel it?

In Florida on Friday June 20th...

"When I'm president, I intend to keep in place the moratorium here in Florida."

In Florida on Friday August 1st, he did an interview with The Palm Beach Post...

U.S. Sen. Barack Obama said today he would be willing to open Florida's coast for more oil drilling...

That's definitely a 5.5, probably closer to a 6.5 on the Richter scale and the scientific community is united in that fact.

Obimbo also said...

"It's also important to recognize if you start drilling now you won't see a drop of oil for ten years, which means its not going to have a significant impact on short-term prices. Every expert agrees on that."

Sorry Obimbo, but it appears that Former Federal Reserve chairman Alan Greenspan doesn't as you can see in this analysis by Newsbusters.

-- any change in the future supply demand ratio will indeed impact prices today as speculators change their view of prices in the future.

Again in plain English: today's prices are a function of what speculators believe prices will be in the future based upon supply and demand. If America was to increase its future supply by beginning the process of drilling in ANWR and additional offshore sites, speculators would reduce their price expectations in the future which would force a liquidation of contracts today.

Such a liquidation could create a rush to the exits on commodities exchanges all around the world bringing energy prices down quite sharply and quite quickly.

Frankly, any elected official that doesn't agree with this lacks the financial knowledge to be in a position of authority concerning this matter.

In plain English, Obimbo is a

And every expert agrees with that!