Do people believe that drilling US oil will bring down the cost in the US relative to the rest of the world?

Question

It seems that some of the people pushing for this, particularity talk radio hosts, are implying that drilling US oil will bring down the price of oil in the US relative to the rest of the world which can only happen if the Oil is subsidized (which is not what is being suggested).

I do not think people are considering that any company that is going to take on the expense of drilling oil is not going to just give their profits away, thus selling cheaper in the US, when they can sell for more on the world market, unless forced by the US government (and what company would enter such a ridiculous arrangement). If there is enough oil that the world supply is drastically increased, then obviously the end price could come down, but not just for the US, for everyone in the world. That is a reasonable expectation if that much oil is anticipated, but what other reasons is anyone possibly thinking that only US oil will be cheaper as per many conservative talk show hosts.

Answer 1

The oil companies don't want the oil supply to increase.  They want to keep the price of oil high.

If you were paying attention, a couple of weeks ago they were reprimanded by congress for not drilling in a lot of the sites that they already have permission.

They are requesting permission to drill in wildlife sanctuaries with full knowledge that the environmentalists will never let it happen.  This gives them an excuse for a shortage.

What's the opposite of Progress?  Answer: Congress

Answer 2

oil is the only way to go

but if u dont want us too drill continue paying for high prices in oil

because liberals say not to drill the oil because of the environment and forests thats just stupid

were drilling for oil theres gonna be a vote and we will have no choice  but to drill so get use to it

Answer 3

I've heard that same old story before...that's just plain bullsh*t

Even if they were to drill offshore in the this country..there's always gonna be a string here and there..leave it to our current gvmnt nincompoops. Greed..'s all it is..G-R-E-E-D

Answer 4

I agree. Republicans don't think things through, though.

Answer 5

Some people will believe ANYTHING if it comes from the right person. Facts don't seem to matter as much as the cult of personality that is prevalent in this society.