To: NormsRevenge
Funny, nobody in the media ever mentions “conservation” as one cause for reduced demand or “Drill Here, Drill Now” as a cause for the bursting of the oil bubble.
3 posted on
11/20/2008 10:31:19 AM PST by
rightinthemiddle
(Without the Mainstream Media, the Left is Nothing.)
To: rightinthemiddle
4 posted on
11/20/2008 10:33:02 AM PST by
petercooper
(1/20/13 - Change I can believe in.)
To: rightinthemiddle
Funny, nobody in the media ever mentions “conservation” as one cause for reduced demand or “Drill Here, Drill Now” as a cause for the bursting of the oil bubble. I am not an economist but somehow I doubt that people chanting "Drill Here, Drill Now" caused a decrease in demand for oil in China and India.
However, with oil at under $50,00 there will be little incentive to expand E&P in the United States.
5 posted on
11/20/2008 10:34:45 AM PST by
trumandogz
(The Democrats are driving us to Socialism at 100 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: rightinthemiddle
Funny, nobody in the media ever mentions “conservation” as one cause for reduced demand or “Drill Here, Drill Now” as a cause for the bursting of the oil bubble. I am not an economist but somehow I doubt that people chanting "Drill Here, Drill Now" caused a decrease in demand for oil in China and India.
However, with oil at under $50,00 there will be little incentive to expand E&P in the United States.
Thus if you want to Drill Here, Drill Now, you will need to have oil at least $85.00 if not $100.00.
7 posted on
11/20/2008 10:36:18 AM PST by
trumandogz
(The Democrats are driving us to Socialism at 100 MPH -The GOP is driving us to Socialism at 97.5 MPH)
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