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Hillary Clinton: Elect Me, Drop Oil Prices

Posted on 1/3/2008 1:46:00 PM

Democrat Hillary Clinton has given her supporters one more reason to vote for her. Speaking at a meeting in Manchester, New Hampshire, she assured voters that if she was elected president, the price of oil would drop.

How would this happen? According to Clinton, her commitment to end America's dependence on foreign fuel would compel oil-producing countries to slash prices in an attempt to suppress American's efforts at researching alternative sources of energy. "I predict to you, the oil-producing countries will drop the price of oil," she said. "They will once again assume, once the cost pressure is off, Americans and our political process will recede."

Clinton also pointed out that initiatives had been put in place during former president Jimmy Carter's administration in the late 1900s to reduce American dependence on foreign oil. She blamed former president Ronald Reagan, Jimmy Carter's successor, for "dismantling" these initiatives. However, because costs at the time were low, she said, people did not care or complain. She also said that people should not be grateful now when oil manufacturers reduce prices from near $100 a barrel to $60 or $70. She compared this with trying to boil a frog, saying, "You put him in hot water, it jumps right out, you put him in cold water and turn up the heat - he's a goner", she said. "We've got to figure out how we're going to not be the frog in the cold water anymore."


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