ace...the last I recall, around 40% of the cost of a gallon of gas is refinement, distribution, taxes and record high profits..and around 60% is the cost of crude.
Could we lower the refinement cost with fewer regs...sure, if you want to make the trade-off for dirtier air.
Could we lower the cost of crude by drilling in national parks or offshore....sure, if you value marginally cheaper gas over a pristine wilderness and offshore ecosystem.
I prefer a focus on improving energy efficiency, developing alternative sources and reducing demand which is what the Energy Independence and Security Act does.
Bottom line...EISA is not responsible in any way for the current $100/barrel price of crude...which I thought was the issue raised in the OP.
Quote:
|
Originally Posted by aceventura3
The US military policy of preemptive war in Iraq added a premium to the price of oil, how much?
|
Its hard to measure the direct impact...but the price of barrel at the start of our invasion and occupation was $36/barrel.
When the country with second (or third) largest oil reserves is producing at far lower levels for 4-5 years....there is an impact on the supply that OPEC puts on the market.