[avacado]

In all these arguments about opening up domestic production there as been one issue that has been completely absent.

Increased domestic production will decrease oil imports which in turn will decrease the trade deficit. A decreased trade deficit will strengthen the dollar and a stronger dollar will reduce the world wide price of oil.

Also, increased domestic production will create high paying jobs, jobs, jobs, jobs, for AMERICANS!

[wilco200]

Si se puede!

[RexBeach]

Yeah, but what about the windfall profits tax? Isn’t that a great idea?

Good Lord, how come those people up on The Hill aren’t talking about a windfall profits tax on fertilizer and potash, etc., etc.?

I like your post. Good thinking!

[brownsfan]

” ... Increased domestic production will decrease oil imports which in turn will decrease the trade deficit. ...”

Excellent point. I hadn’t read or thought of that angle. Very true, and very compelling.
That’s why you’ll never hear it in the MSM.

[samtheman]

Also, increased domestic production will create high paying jobs, jobs, jobs, jobs, for AMERICANS!

Oh, you can't be right about that.

The Democrats are completely against drilling.

And yet they tell us they want more jobs for Americans.

So you must be mistaken.

[OKIEDOC]

Excellent observation.

It will also greatly enhance our national security.

Right now we are at the mercy of the Arabs who are dealing secretly and making big investments in China's infrastructure.

[BikerJoe]

Increased domestic production will decrease oil imports

I've been wondering about this. What's to stop the oil companies in our globalized world from just putting the increased production into the global world oil pool, to be sold to the highest bidder (aka China or India)? If that happens, then the effect of increased domestic production will be a miniscule reduction of prices.