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You have a very narrowminded near sighted view of thing's. Now listen up, First off , even if it didnt effect the price we should be going after it, instead of being so dependent on other countries, but it would absolutely lower the price before a drill ever touched the ground. Drilling domestically is a part of the solution, obviously we should be looking at and have been conserving, and continue to make progress toward's alternative's. I strongly believe that in the end the most succesfull and widely used alternative to oil for our cars has not even been discovered yet! Anyone that thinks that in 20- 30 years ,that there will not be a huge world wide demand for oil, is smoking their breakfast!
do you not think that it's probably wise to save what we have and let the others run dry first? i personally would prefer it if we held on to our trump card a little longer
I believe if we started drilling in all of the places we have oil in the US, just the sight of the derricks going up will assure the Arabs will start dropping prices immediately. They have the upper hand right now, but even starting to drill will bring them off of their high horse. Like 777 says, in 20 or 30 years, the arabs will be famous for nothing more than the world's largest beach. They better save their money, because when their oil has no value, they have no othr products, and will be staqrving to death. Then, when they want to buy cornrom us,it will cost $200 a bushel
what have the arabs got to do with this. they don't set prices. the market sets the price. if anything they've tried to help the situation by ramping up production
We consume so much oil that anything we start drilling on our own would be a drop in the bucket. Besides, there's nothing we can do to control the growing demand for oil in developing nations, which is contributing to the current price spike, along with speculation.
People want to drill because they think it will fix all our problems and restore their cheap oil. It won't. It's not a solution.
Short term, yes. Long term, no. Alternative energy is needed longterm, but that will take decades to transition to and we don't have decades. Of course it will take 3-5 years before the first barrel of oil will come out of ANWR (don't believe leftist 10 year estimates). However, the effect on the prices will be felt immediately after the announcement of drilling.
if you think that any announcement on domestic drilling will affect prices you're living in dreamland. imo there are 2 main factors driving price. demand from developing countries including china's stockpiling and the flagrant easing of monetary policy by the fed.
to some extent i do agree that we should develop our reseves but we need to address our consumption first. a few extra drops here and there will have zero effect of prices
The simple inauguration of a new President next January -- hopefully, one who does not spend his days helping to fuel speculation over a possible invasion of Iran and who can help bring about a process in Iraq that will point it back toward some sense of stability -- will have far more effect on oil futures markets than any "threat" by the US to attempt an increase in its domestic production.
Meanwhile and as others have suggested, our own reserves have too much instrinsic and strategic value to be rushing them out of the ground over something so trivial as what seem like high gas prices. As long as other people are willing to sell us their oil at what amount to bargain-basement prices, we should continue to buy it from them, watching our own oil sit in the ground and become more valuable every day that we do.
We consume so much oil that anything we start drilling on our own would be a drop in the bucket. Besides, there's nothing we can do to control the growing demand for oil in developing nations, which is contributing to the current price spike, along with speculation.
People want to drill because they think it will fix all our problems and restore their cheap oil. It won't. It's not a solution.
So please propose a solution. Do you think we should start killing people off so that we lower the consumption?
do you not think that it's probably wise to save what we have and let the others run dry first? i personally would prefer it if we held on to our trump card a little longer
Until when? Until the middle east oil barrons are trillionaires and they can afford to buy up all of our assets?
if you think that any announcement on domestic drilling will affect prices you're living in dreamland. imo there are 2 main factors driving price. demand from developing countries including china's stockpiling and the flagrant easing of monetary policy by the fed.
to some extent i do agree that we should develop our reseves but we need to address our consumption first. a few extra drops here and there will have zero effect of prices
Wow, we need to address our consumption first? So you think we should wait until when? Gasoline hits $25 a GALLON and no one can afford to drive? Yeah, that'll take care of the consumption for the most part of cars, but not the rest of the items that use oil.
The simple inauguration of a new President next January -- hopefully, one who does not spend his days helping to fuel speculation over a possible invasion of Iran and who can help bring about a process in Iraq that will point it back toward some sense of stability -- will have far more effect on oil futures markets than any "threat" by the US to attempt an increase in its domestic production.
Meanwhile and as others have suggested, our own reserves have too much instrinsic and strategic value to be rushing them out of the ground over something so trivial as what seem like high gas prices. As long as other people are willing to sell us their oil at what amount to bargain-basement prices, we should continue to buy it from them, watching our own oil sit in the ground and become more valuable every day that we do.
The simple inauguration of a new President next January -- hopefully, one who does not spend his days helping to fuel speculation over a possible invasion of Iran
Dont kid yourself or mislead anyone else, there are PLENTY of Democrats who are all about helping us posture for war with Iran. Read these links and think about whats really going on...these are bills that basically alow us to take crazy actions against Iran that promote war...supported by both Democrats an Republicans.
Ron Paul’s Campaign For Liberty » Blog Archive » Ron Paul Speaks Out Against War With Iran (http://www.campaignforliberty.com/blog/?p=87 - broken link)
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