Why aren't we drilling for oil?

[scottw]

c'mon Jim, everyone knows and all economists will agree that when you increase production and supply...in particular, domestic supply, so that you don't have to transport it halfway around the world....the result is always increased consumer prices because greedy executives will raise the prices anyway or gorge on the difference to line their pockets which is why we have always had the most expensive gas in the world courtesy of greedy big oil...and also why every congressional investigation into price gouging has produced..????...do I have to explain everything to you????


ZIMMY should get some credit for creativity and I love the beanie with the propeller on top...

[QUOTE=zimmy;852028] The ones who are stupid about oil are not the democrats. The republicans want their followers to believe that gas prices would be lower if we drilled more. That is not true. Exxon and bp would increase their profits. Gas prices may drop a few cents on the dollar.

HEY...WHERE ARE THE CALLS BY THE DEMS FOR INVESTIGATIONS INTO PRICE GOUGING ? 4 BUCKS!!!

[zimmy]

[QUOTE=scottw;852067]c'mon Jim, everyone knows and all economists will agree that when you increase production and supply...in particular, domestic supply, so that you don't have to transport it halfway around the world....the result is always increased consumer prices because greedy executives will raise the prices anyway or gorge on the difference to line their pockets which is why we have always had the most expensive gas in the world courtesy of greedy big oil...and also why every congressional investigation into price gouging has produced..????...do I have to explain everything to you????


ZIMMY should get some credit for creativity and I love the beanie with the propeller on top...

Originally Posted by zimmy

The ones who are stupid about oil are not the democrats. The republicans want their followers to believe that gas prices would be lower if we drilled more. That is not true. Exxon and bp would increase their profits. Gas prices may drop a few cents on the dollar.

HEY...WHERE ARE THE CALLS BY THE DEMS FOR INVESTIGATIONS INTO PRICE GOUGING ? 4 BUCKS!!!

Ok genius, how much has oil production decreased in the last 6 months to drive prices up? That's what I thought. Also, point me to the info that shows that US oil production would alter gas prices more than 5%. Can't do that either, can you?

[Jim in CT]

[QUOTE=zimmy;852103]

Originally Posted by scottw

Ok genius, how much has oil production decreased in the last 6 months to drive prices up? That's what I thought. Also, point me to the info that shows that US oil production would alter gas prices more than 5%. Can't do that either, can you?

It's common sense, Zimmy, isn't it? Even if it was a quasi-government entity exploiting the oil here, it has to be cheaper than shipping it from the Midle East.

Zimmy, are you aware that the folks who run those countries are all multi-billionaires? Wouldn't it be better if all that money stayed here?

Are you really that dense? We export tens of billions of dollars every year to the Middle East. Do you not see any advantage to keeping that money here instead? No difference to you? None at all?

[scottw]

[QUOTE=zimmy;852103


Ok genius, how much has oil production decreased in the last 6 months to drive prices up? That's what I thought. [/QUOTE]

world demand and instability in the middle east(we can insulate ourselves against both with more domestic production) have caused prices to rise...or possibly it's evil American big oil scheming and price gouging...

[Jim in CT]

Originally Posted by scottw

world demand and instability in the middle east(we can insulate ourselves against both with more domestic production) have caused prices to rise...or possibly it's evil American big oil scheming and price gouging...

$4.25 in my town and climbing...