That’s what we been told for months now, but McCain seems to think differently:

Presumptive Republican nominee John McCain yesterday credited the recent $10-a-barrel drop in the price of oil to President Bush’s lifting of a ban on offshore drilling, an action McCain has been advocating.

Really? So then why didn’t Bush lift the ban months ago, instead of letting the American people suffer?

Of course we are talking about John McCain, a man who will say anything to get elected. So what really is behind the oil price drop? Things like a rise in inflation, as well as a slowing U.S. economy. Also demand for oil has dropped to the lowest level since January 2007. These are the factors causing the price drop, not some bullshit Republican position. Nice try on spinning McCain.