Which will bring the price of gas down faster - Offshore drilling or Open records of Oil Future Trades?

Question

US Department of Energy:

""The projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.""

Fortune Magazine: ""The infamous December 2000 "Enron loophole" is the topic du jour in Congress. That legislation didn't just make it easier for savvy traders to buck the system. It exempted entire over-the-counter electronic exchanges (where trading takes place directly between parties, without an intermediary broker) from regulatory oversight by the Commodity Futures Trading Commission.

As a result, capital zoomed to new unregulated exchanges like Atlanta-based ICE, an American firm operating under U.K. regulation, where trading volume tripled from 2005 to 2008, representing 47.8% of global oil futures trading.""

http://www.eia.doe.gov/oiaf/aeo/otheranalysis/ongr.html

Answer 1

It has come to light that a very few oil speculators actually control the market.  The layer of speculation, by a few, precludes actual free market forces for they are being manipulated.  Thus, resolving the oil speculation would reduce oil prices immediately