There's no evidence that increasing the domestic supply will lower oil prices.
On the contrary. There is not only proof as recent as a few years ago when Bush announced he was going to open up drilling, then there is common sense as well.
Oil prices have consistently risen unabated.
This statement is a pure lie. Oil has arrived at the price it is now due, along with other factors, through a series of peaks, and falls in pricing.
Many of the sharpest increases in the past 10 years are due to speculation and nothing more.
Yes, and speculation is a necessary part of business concerning oil.
Even when the speculation is wrong, the prices do not re-adjust to lower levels.
On this you are yet wrong again. Ever heard the term, 'rise like a rocket, fall like a feather'? Ask someone who knows about business.
f the U.S. acquires more oil, it will just be more oil at the same price, unless the government actively creates a price ceiling...
You mean like Carter did, and caused artificial shortages...Wow!
but the government will never regulate the oil industry in that way.
Already tried that one, huge failure.....Needless pain to the people.
The other thing is, the consumption of oil is increasing exponentially while we are having to look harder and harder for areas of new supply.
Another falsehood. The US's demand recently has dropped do to Obama's failed economy.
We have three wars in the Middle East
How many has Obama stopped?
a haphazard offshore drilling plan
Who threw, and continues to hamper this?....Obama
sights set on protected Alaskan regions
You mean the vast wasteland that we only want to use the size of a postage stamp out of an area the size of a parking lot?
and a slew of nations who are salivating at the opportunity to explore the arctic once the Bering Strait fully melts.
I am betting that Obama would let them too.
No matter how much oil we find, it will never be enough to support the man-made consumer growth model.
Yes, humans are the problem....
Eventually "growth" must stop
Wow! scary ignorant dude.
or at least change in the way it happens
Don't fool with things you have no idea what they are, or if they are not broken.
but how insane will the oil industry and our government become in trying to sustain this system?
We should exterminate humans, that would solve the problem.....
It's true... we are all being held hostage by this industry.
Then you should start by not using anything linked to oil at all. K? Talk to ya when you figure it out....
j-mac