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We didn't "ramp up drilling," we opened the petroleum reserves. "Ramping up drilling" is a process that takes years. If we opened up ANWR to drilling tomorrow, you wouldn't see an impact on prices until 2015--and that is if we saw an impact at all, since any price difference would be negligible.
No, the prices would come down pretty rapidly. It's not about how much inventory you have right now, there is actually an OVER supply of oil right now but the prices are sky high. That's because speculators are banking on there being a shortage of some sort because of what is going on in the ME. If we were to start producing more oil here, the speculators wouldn't be too worried about a shortage coming up.
Not yet, but maybe. My favorite hobby (as opposed to interest, ala Carlin) in life is boating. I don't currently own a boat, and need a new vehicle as well.
I'm at a crossroads:
A) buy a 40K boat and a 35K truck to trailer it, have an incredible time, and spent 80/90 percent of my expendable monies on the expenses associated with these two things. Or
B) Buy a new Prius for 25K and work my ass off to find something I enjoy as much as boating.
The excess fuel differential from the truck to Prius will cost me 200-ish bucks a month. Not to mention 10K more for the truck. Then 40K for the boat, plus insurance, etc. etc. etc.
I don't think I'll find anything I enjoy as much boating. It's a tough decision. I've been laboring over it intensely.
Your options may end up being rowboat or sailboat
Neither need gasoline.
There's simply no supporting evidence for this. Even under the most wildly exuberant of projections for the amount of oil the U.S. could reasonably be expected to extract from its own land, it would barely have an appreciable impact on prices. This is because oil is a global commodity and the amount of so-called "domestic oil" would be a bare fraction of global output. We aren't Saudi Arabia, we aren't Venezuela, and we aren't Kuwait.
How NOW that we have a BLACK president , some say it's HIS fault that gas prices are so high.
The SAME "some" who swore it wasn't Bush's fault when gas prices were so high in his administration.
And totally unbelievable that some cannot comprehend that the SUPPLY of oil has NO relation to the price.....we could be drowning in it and SPECULATORS could raise the price of gas.
It IS the SPECULATORS who are raising it now and only a cavedwelling, brain dead ignoramous disagrees. EVERY source of news I've heard or checked AGREE.
What technology? Wind, solar, electric cars that nobody wants? Wind and solar CANNOT do the job. Has been hyped for DECADES now and still we find it too costly and too inefficient.
Oil is reliable, abundant and cheap - there is NO REASON to forgo it.
IF oil is cheap then WHY are you complaining about the price of gas?
Not substantially. I drive a 4-cylinder truck for my commute (42 miles one way) - I can't do much about that. I did cancel my cable TV and saved $60 per month but I did that because I don't need TV. The saving there rolled over to the gas bill.
We "have" oil that we have to buy from other countries with a collapsing dollar....
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