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- Libertarian
Drill baby drill. But how do we get them to drill more when that would drive prices down lowering their profits? The government should force the oil companies to drill more to keep prices artificially low.
That and the devaluation of the dollar doesnt help prices either.
Why do we need to drill?
They can't just drill they also have to build refineries to refine the increased oil.
Since Oil like of other commodities is a heavily speculated market, when news gets out that the US is drilling for oil in places that we know has oil prices would come down little by little.