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1. 

   av8tor said, about 1 year ago

   Poor Chan..he does not understand the Law of supply and demand..
   If you had a water well producing a gollon per day that would not take care of the family..if you put in more water wells each producing a gallon per day you can now have enough water for the entire family.
   Chan, it is the same with oil, if you produce more oil we will not have to rely on imports from other countries..the more you drill and pump the more we will have and the price will go down..
   I do not understand your logic..
   Unless you are a congressman, theyget their gas for free..so they don’t care about what you have to pay..
   Bob Reid

2. 

   rick_e_bear said, about 1 year ago

   Bob, don’t you pay attention? Even the Bush Administration admits that new off shore drilling won’t produce significant oil for about 10 years.

   Please pay attention.

3. 

   TheChemist said, about 1 year ago

   Sigh

   My good friend Bob, aside from the fact that rick e bear is right, even if we could magically start today we may still be unable to affect real prices. Since you seem to know so much about economics, then you know oil is fungible. This means that it doesn’t matter who’s selling, who’s buying, or who’s closed their market to outsiders, the grand aggregated total supply of oil around the whole determines the market price, and no matter where we drill, I have yet to see a guarantee we’ll make a real contribution.