Cuts in the supply are typically of a very short duration, while increase in demand is long term.
And with the predicted increase in demand and increase in the price of oil, we have seen the number or drilling rigs greatly increase over the last year.
The cuts Obama and the enviros want are not short term. They will endure, if they have their way.
...we have seen the number or drilling rigs greatly increase over the last year.
Domestically? Or do we continue to bleed money to nations hostile to our existence? And how much of the increase in the price of oil is linked to the devaluation of the dollar? Four dollar gas in 2007 was one thing...five dollar gas in 2011 will be crippling.