Yeah, right. Once speculators find out that we are allowing the exploration in cheaper areas with suspected high yeilds, they'll bring the price of a barrel of oil well under $90 which translates to a dollar decrease in gas prices.
It's the speculators (the Market) you have to convince of high supplies which will bring the price down. Not a bunch of whining liberals that don't want to drill.
Note this does NOT discount using incentives to increase R&D into alternative energy sources. Neither candidate will turn down this type of initiative in today's climate... depending on the pork attached.
I'll try and give you some info. one more time. Plenty of oil supply in the United States of America. Price has increased because of a weak dollar in a global market whose appetite for oil has grown exponentially.
That combined with currencies gaining strength against the U.S dollar is why the price at the pump has went up. There is no shortage at the pump.
It just costs more to supply to a U.S citizen with a global commodity when that citizen is buying with a dollar that is less more.
The drill here, drill now is propaganda- no doubt about it. It's a distraction to divert from the weak dollar that neither the Dems nor Repubs want to talk about (a REAL issue).
Sure you can flood the market with oil BUT it won't be a significant counter for a weakening currency (which is gaining strength and the price of gas is coming down).
The bigger agenda (IMO) is that our oil imports will have to go to other nations to pay off our debts. IE- CHINA
There will be a real shortage for energy and fuel in the U.S. if China demands that we pay them as our oil imports will be the primary means of paying that debt.
If that doesn't make sense to you and you want to pour the Kool Aid. GLTU
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