Say, Whatever Happened To 'We Can't Drill Our Way To Lower Prices'? | Stock News & Stock Market Analysis - IBD

Say, Whatever Happened To 'We Can't Drill Our Way To Lower Prices'? | Stock News & Stock Market Analysis - IBD:

"Last week Royal Dutch Shell (RDSA) told investors that it expects oil prices to be "lower forever." We're still waiting for all those people who were only recently complaining about higher-forever oil prices to admit their mistake.

It wasn't that long ago that President Obama was mocking Republicans for their "three-point plan for $2 gas: Step one is drill, step two is drill, and step three is keeping drilling."
He went on to say that "the American people aren't stupid. They know that's not a plan."
Renewable energy, he said, was the only way to solve the "problem" of high oil prices."