There are enormous reserves offshore the coast of Santa Barbara, CA and in the Gulf of Mexico. The volumes of oil and gas out there is beyond imagination. If we ever get a capitalist government again and they get out the way, our ecomony would go ballistic. The drilling industry is a huge influence on our overall ecomony and for our own national security. If the drilling industry is ever turned loose, there will be much more drilling, more manufacturing of the equipment, more supplies and support for those manufacturers, more jobs, more tax revenue and on and on. It really causes a ripple effect. On the other side, our national socialist government wants to curtail drilling and raise taxes on the oil companies. What a bunch of pinheads. I would love to see the day when we can hold the cards in the oil supply business and be in such a position of strentgh that if the Saudis or Venezuela makes a demand, we tell them to go pound sand.
I know and it makes no sense to let us go into a Depression consider the fact that China is the biggest polluter in the friggin world but no they would rather see us all suffer.