"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Here's why:
If the Dems and Reps united as they did post 9/11 and passed a resolution to tap immediately all of our own oil resources and build coal-oil and nuclear reactors for domestic electricity, this type of unity would b-slap OPEC and other oil-producing nations into realizing that they are about to lose a tremendous revenue stream.
This act alone would put an end to oil speculation (and the little, if any, impact this has had on oil prices — regardless, of the effect speculator's have, an act by both houses of congress would end the speculation). It would also force other nations to increase output at a massive rate so that America does not actually put into effect the resolution. They'd know that we can balance our own oil output (and therefore stabilize our own economy) domestically, thus removing that very powerful tool that our oil suppliers often use against us.
The effect would be almost immediate. But we'd need overwhelming agreement among Dems and Reps — powerful enough agreement that it would be a believable resolution (even if there were a behind-the-scenese agreement that it is only a feint).
Of course, this would benefit America. Therefore ‘they’ would never go for it.
But the argument that the decision to drill would have not immediate impact is fallacious. The effect would be almost immediate, within a two months, just as a November election has an immediate impact on the economy though the new President won't be sworn in for months.