Quote:
Originally Posted by Pugchief
Correct, correct and correct.
Not sure what your point is; you were commenting on my assertion that more drilling for oil would reduce supply chain costs, leading to lower prices for most goods. Which apparently you agree with.
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It's simple. More drilling for oil worldwide would likely drop the oil price, which would ripple through and lower the price of goods. BUT, more drilling by the US would NOT have that big of a drop in oil price. And there are many, many other factors to consider. The US people want clean air and clean water (unlike other dictator controlled countries that would make their people suffer bad air and etc). US oil left in the ground is like a bank account for when oil runs out - an account to use oil for medicine rather than using it to pollute US air and water. The US would be able to exert more CONTROL over oil prices by doing what California is doing. That is, moving more quickly to E-vehicles and having FEWER oil and gas engine vehicles. Note: E-vehicles use less parts and ZERO up and down piston action.