Whether we begin drilling tomorrow, will have little affect on oil production....perhaps 2 years out, not now. It takes a while just to get the ships or rigs in place IF THEY ARE AVAILABLE which they are not.
True. But it sends a message that we’ll take care of our energy needs. Might calm the spot markets, if nothing else.
And don’t discount the power of the market. If the market sees a chance to make a profit, people will move heaven and earth to be first in on the action. It wouldn’t surprise me one bit that our own oil would be flowing in less than 2 years if Zero would just open the spigots.