[SAJ]

Must disagree. The crude mkt is plenty smart enough to know and understand that politicians will say anything during an election campaign, and the crude mkt won't do squat because of any sort of 'statement of intent' or announced 'plan'.

However, if/when someone, esp the Regress, actually does something, then the price will begin to drop, and heftily.

[upsdriver]

That’s what I meant by seriousness, actually setting up drilling rigs in coastal waters or ANWR. The article stated it would take 8 to 10 years for production to come on line. My belief is the mere action of the new activity will spur the other oil producing nations to ramp up production to fight for market share.