Quote:
Originally Posted by dc_dux
A recent report to Congress from the Energy Information Administration suggests that ending the drilling moratorium on the Outer Continental Shelf (OCS) would have an insignficant impact on the price on domestic crude production or prices before 2030:
IMO, a better way to reduce the cost before 2030 would be to lower demand through conservation and conversion to alternatives.
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I don't dispute the finding above or the idea of reducing demand for oil through conservation and alternative. However, I think we can send a clear message to oil producing nations and minimize wild price fluctuation by committing to drilling now. I like the "all of the above" approach.
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