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Poll: Would drilling drop prices immediately?
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Would drilling drop prices immediately?

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Old 07-18-08, 05:23 AM   #1 (permalink)
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Would more oil drilling bring an instant drop in oil prices?

Well, would it?
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Old 07-18-08, 06:03 AM   #2 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

Oil had a record drop in prices after the president lifted his ban, so yes.
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Old 07-18-08, 08:46 AM   #3 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

Are you trying to prove that drilling for oil is useless if prices don't drop immediately? Have prices fallen since gas included 10% ethenol? Have they fallen since Honda introduced a hydrogen car? Have they fallen since libs have stopped the drilling in Anwar? Has any action or policy from anyone caused gas prices to fall? Congress could cause an immediate price drop by repealing all gas taxes immediately; and that is the ONLY action that could cause prices to fall immediately.

Now you libs can pick on drilling all you want, but you are being intellectually dishonest and somewhat traitorous by delaying our ability to produce our own fuel. Why don't you stop us from producing our own food, or don't you think that uses energy? Hmmm?
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Old 07-18-08, 09:07 AM   #4 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

We already did this thread.


But quick answer is nothing will have an "immediate effect".


Does this mean we should not do it?


I think we need to drill, stop living for today.
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Old 07-18-08, 09:11 AM   #5 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

Quote:
Originally Posted by American View Post
Are you trying to prove that drilling for oil is useless if prices don't drop immediately? Have prices fallen since gas included 10% ethanol? Have they fallen since Honda introduced a hydrogen car? Have they fallen since libs have stopped the drilling in Anwar? Has any action or policy from anyone caused gas prices to fall? Congress could cause an immediate price drop by repealing all gas taxes immediately; and that is the ONLY action that could cause prices to fall immediately. This action is one that would definitely increase oil prices, also our highway infrastructure is in bad enough condition as it is, without going on this route of irresponsibility.

Now you libs can pick on drilling all you want, but you are being intellectually dishonest and somewhat traitorous by delaying our ability to produce our own fuel. Why don't you stop us from producing our own food, or don't you think that uses energy? Hmmm?
This problem also has nothing to do with political parties - its the "greenies" and their mindless supporters..
We MUST build nuclear power plants
We MUST drill for oil - reaping the benefits 5 to 10 years from now.
We MUST conserve.
We must switch to Diesel, then hydrogen.
These "MUSTS" should have been done 40 years ago ...Had we effective leadership....rather than morons, actors, and sex maniacs in the number one position..
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Old 07-18-08, 09:23 AM   #6 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

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This problem also has nothing to do with political parties - its the "greenies" and their mindless supporters..
We MUST build nuclear power plants
We MUST drill for oil - reaping the benefits 5 to 10 years from now.
We MUST conserve.
We must switch to Diesel, then hydrogen.
Diesel is even more expensive than gasoline.

Quote:
These "MUSTS" should have been done 40 years ago ...Had we effective leadership....rather than morons, actors, and sex maniacs in the number one position..
Or more accurately, morons who were willing to sacrifice the long term good for the benefits of the oil lobby.
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Old 07-18-08, 09:40 AM   #7 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

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Originally Posted by buttonpsi View Post
Well, would it?
Probably not.
But then, I dont recall anyone suggesting it would.
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Old 07-18-08, 10:14 AM   #8 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

I think it would..............Just the president announcing lifting the moratorium on drilling off shore has caused oil prices to drop $15. in the last 2 days.........The biggest cuts in a couple of months.........Oil speculators are biting the dust.............
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Old 07-18-08, 10:41 AM   #9 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

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I think it would..............Just the president announcing lifting the moratorium on drilling off shore has caused oil prices to drop $15. in the last 2 days.........The biggest cuts in a couple of months.........Oil speculators are biting the dust.............
You figure the oil markets took the fact that Bush made this announcement, considered the fact that the Congress might go along, that drilling might start sometime in the next few years, oil might be found and might produce maybe 1% of the world's oil supply in about 10 years, and decided they better drop prices right quick, eh?

Could be.
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Old 07-18-08, 03:44 PM   #10 (permalink)
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Re: Would more oil drilling bring an instant drop in oil prices?

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Originally Posted by DarkWizard12 View Post
Oil had a record drop in prices after the president lifted his ban, so yes.
I suspect your argument is ignorant to other factors.
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