So just by announcing that we are going to drill on every square inch that might have oil, prices would drop in an attempt to get us not to drill.
I could be wrong, frequently am but that’s another story, but I think the world has seldom seen the kind of panic there would be in the oil markets around the globe the instant it became clear that the US is through playing the oil game any longer. We have the oil, we know where it is and we know how to get it out of the ground and into our tanks, and we’re going to move Heaven and Earth to get busy getting it done.
And then just do it. Even if the cost of oil falls to $10 a barrel, just ignore it and keep on exploring, drilling, extracting and refining OUR oil from OUR soil. And use the billions and billions of dollars such a policy would produce for US to work on the idea of renewable energy.
No! That's a fundamental misunderstanding of how a free market works!
Oil futures prices will dive because of anticipation of all the new oil coming into the market. You make it sound as if there is some malevolent force, some conspiracy at work "to get us not to drill."
Or did I miss a sarcasm tag?