Quote:
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Originally Posted by AKL
This is why we need to drill for our own here in the US.
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would not matter:
1. oil is sold on the global market - just because it was extracted in the US does not mean the gasoline would be put into your car
2. OPEC would decrease their output proportionally with our output
3. even if we opened more areas for drilling tomorrow, it would be years before it was extracted and refined into useable gasoline or other petroleum products
4. us oil production is up already - we have gone from 7.6m bbl/day to just over 9m bbl/day in 2010. the us is the #3 producer in the world.
5. exxon (and other refiners) are not complaining that oil supply is too low
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