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Cap'n Krusty |
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Cap'n Krusty ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Members Posts: 10,794 Joined: 24-June 04 From: Santa Maria, CA Member No.: 2,246 Region Association: Central California ![]() |
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TeenerTim |
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Senior Member ![]() ![]() ![]() Group: Members Posts: 597 Joined: 22-October 07 From: Norfolk,VA Member No.: 8,253 Region Association: MidAtlantic Region ![]() |
Or we could just drill for the oil we already have! Just announcing that we are going to drill will cause an instant reduction in gas prices. (IMG:style_emoticons/default/chair.gif)
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smontanaro |
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Senior Member ![]() ![]() ![]() Group: Members Posts: 1,190 Joined: 3-June 05 From: Evanston, IL Member No.: 4,197 Region Association: Upper MidWest ![]() |
Or we could just drill for the oil we already have! Just announcing that we are going to drill will cause an instant reduction in gas prices. How so? The people buying and selling on the futures markets are responding to perceived near term supply and demand. Announce you're going to start drilling where? Off the coasts of Florida and California? Probably three to five years before any of that comes to market. ANWR? More like ten years because of extra logistical problems caused by the arctic location. In addition, the oil companies actually have a limited amount of drilling equipment. They can only punch so many new holes in the ground at once. That stretches timeframes out as well. Skip Montanaro |
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Lo-Fi Version | Time is now: 11th May 2025 - 05:54 AM |
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