People seem to forget that when Bush lifted the moratorium on drilling, that prices dropped right away — even though people kept saying “oh noes! We won’t see any of that for a long time in the future because it can take 10 years!”
It is not about supply, it is about perception of supply. Open up drilling and “poof!” speculators are running to the nearest door and the price drops.
That simple.
Absolutely!
” People seem to forget that when Bush lifted the moratorium on drilling, that prices dropped right away — even though people kept saying “oh noes! We won’t see any of that for a long time in the future because it can take 10 years!”
no better time to start than now in that case
and BTW, 1 month after signing bill to start drilling .. our gas was down to $1.63 .... $2 is no bargin, we should be able to do much better than that