Marini -> RE: Drill Baby ! President Obama opens offshore drilling and exploration (3/31/2010 7:05:49 PM)
|
quote:
ORIGINAL: Musicmystery Yeah, the game is really OPEC. Domestically, even with more drilling, we just don't produce enough to affect the market much. Further, domestic oil doesn't necessarily end up in the domestic market--overseas oil is more expensive, and producers will sell where they get better prices. The main factor driving our gasoline prices is a shortage of refineries, already running at capacity. More domestic oil isn't going to change that at all. This doesn't sound like good or encouraging news. I know there will be a delay in getting started, but I would think that Americans engaging in offshore drilling and exploration, WILL eventually effect the domestic market. If not, what would be the point?
|
|
|
|