Quote:
|
Originally Posted by kurty[B]
Even though they claim to do it in the name of bringing down oil prices I will not be surprised when oil prices remain the same, and the extra profits sink into some buddy buddy lobbyist's pocket as they search for the next oil rich land to pillage.
|
I am for this, by the way. I don't know about you, but I think we need to do something to get the price of oil down. Also, imagine what it will do to the economy of the Middle East if there is a better and cheaper source of oil for the Western Hemisphere.
People tend to not understand the process for drill/refining/delivering to market. Even if they open up Alaska/Anwar, it will take several years for us to feel the effect (yes, we would feel the effect).
I am surprised we aren't doing more internally in the states. The primary reason for the oil depression was the price. It was cheaper to get it somewhere else than to get it domestically.
With the price as it is, I am really surprised we aren't doing more domestically.
Also, there is a new development coming out of Canada that might further decrease our need for OPEC oil. I forgot the name, but it has to do with a new way of getting oil out of sand (which Canada apparently has a lot of resources for).