D.c.,
Like I suggested, you can easily do a search. I did a search on Google, I typed:
"government restrictions preventing oil drilling in US"
This was in the link from the fourth item:
Quote:
The federal bureaucracy is a hodgepodge of overlapping agencies, which collectively have numerous means, direct and indirect, to lock up oil and gas on the 630 million acres controlled by the federal government (27.7% of all U.S. territory).
To start with, all National Parks are off-limits to any sort of drilling or mining. That takes 83 million acres off the table.
National Forests, which are supposed to function as timber reserves, take up 192 million acres. Oil and gas found here is subject to several restrictions on development.
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Quote:
Jeffrey Eppink, vice president of Advanced Resources International, an energy consulting firm, testified in Congress that the areas affected by the roadless rule alone probably hold at least 11.3 TCF of gas and 550 million barrels of oil, and maybe as much as twice that.
In the Beaverhead National Forest in Montana, for example, oil and gas leasing is legally prohibited on 25% of the land. Another one-fifth of the forest, though not directly off-limits to drilling, has a "No Surface Occupancy" rule, meaning you may extract oil from beneath it, but you may not set up drilling machinery on top of it.
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http://findarticles.com/p/articles/m...08/ai_n8956160
Now that you have the above bit of trivia, what do you want from me? I don't have the time or inclination to do a descriptive scientific study to quantify the impact of government regulation on the price of oil. Like I wrote earlier, I speculate the impact of regulation to be about 50%. If you think it is 0%, there is no point in continuing the discussion. If you think it is grater than 0% but less than 50%, perhaps you can give me your proof. Otherwise, we both speculate.
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Originally Posted by Baraka_Guru
While U.S. policies might play into the cost of oil, I doubt it has an effect that would effectively double oil prices. Are we talking about global prices? How would American policy have that much of an effect?
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The US military policy of preemptive war in Iraq added a premium to the price of oil, how much?
The US policy against certain types of domestic drilling has added a premium to the price of oil, how much?
US deficit spending has artificially increased the demand for oil and has added a premium to the price of oil, how much?
Etc.
Etc.
Etc.
Again I say our policies add about 50%, what do you say since you clearly think I am wrong?
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Much of it is beyond American influence and control.
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We are the largest consumers of oil. It is even worse if you factor in the use of oil used in products imported to the US.
I would bet NASCAR is responsible for the consumption of more oil than some small developing third world countries.