Quote Originally Posted by Lyle View Post
So if we were to strike oil like say BRAZIL did it would have no effect on oil prices?

If we were to build more refineries and produce more gasoline that would have no effect on prices?


Guys bomb pipelines in Nigeria and that bumps the price up but if we find and produce more oil the price will stay the same?!?!

That reasoning (if you can call it that) would mean that supply and demand have nothing to do with oil prices but actions like bombing pipelines have a lot to do with prices......oh and then there's that little deal where OPEC says it'll cut production therefore making the price go up due to the law of supply and demand.....but I suppose that's just a coincidence.


And OIL isn't the only thing worth drilling for Natural Gas is a big source of power which T. Boone Pickins wants us to use to supplement wind and solar power (because you need to supplement those kinds of power). But I suppose you don't figure they will find any of that here either.

Obama doesn't want ANY drilling and therefore we would be stuck waiting for the Energy Fairy to make us energy independent or have any remote effect on the price of oil......ooooh maybe he'll pull a Jimmy Carter and wear a sweater oh that would be awesome....and then maybe the government could control our thermostats....totally cool! Kirkland you think of everything, I should outsource my worries about the heat or cold to the government....what a load off my mind, now I can focus on important things like gun control and world peace
T. Boone Pickens. If I'm not mistaken, the oil magnate just testified before Congress saying we have to diversify our energy resources. Right?

Offshore drilling would have an effect on prices here if said oil were only sold here. China has only increased its demand as every country has done, except they've been doing it exponentially. There's a company in Russia that has either begun or increased its oil production because China said they'd buy whatever these guys sucked up. So it's more like China's buying whatever's available rather than there being an additional supply for anyone to come along and purchase. More money for American oil companies does little to nothing for the bulk of the American population. That's just as big a phallacy as buying "American" cars. The point is we need to diversify energy resources and if wind and solar aren't enough other things need to be looked at. Are you paying more or less at the pump than you were a year ago? Why would you think the company that has already reemed you for years is now ready to start drilling someplace new to benefit you? In an economy that is near or at another recession and they're still posting stunning profits why in the world would anyone believe that? The drop in prices recently is only a temporary reprieve for what is coming. Prices are only going to go up with these brief temporary drops before leaping increases. If your solution is to just drill more then you deserve what you get. What's wrong with seriously considering at least moving away partially from oil?