Why can't they build more oil drilling site to dill more oil?

Question

Seriously we have trillion gallons of oil and yet oil prices are rising,

Whats the deal man?

Answer 1

They have to find the oil in the ground before they drill for it. Also, there are tons of government stipulations about drilling (where, how, etc.). The problem is not actually getting the oil, it's refining it.

Answer 2

Prices will go down about a nickel over the next decade at the best. It's not going to have huge longterm effects except on the environment. Even if the US drilled all over the country we'd only have 2-3% of the needed national supply.

Answer 3

The principal cause of all this is inflation. Look up anything about our dollar and you will find that it's pretty worthless. More accurate estimates place inflation around 12%.

Answer 4

Alot of the oil is not econmicable to extract, so in order to make any dough from drilling this oil they need to jack up the fuel prices.

Answer 5

Not a science question; the constraints are political and they haven't approved more drilling...