[ChildOfThe60s]

Like drilling? Tried it in the early 80's. Domestic production increased, prices fell, domestic production was no longer economically feasible vs imported, cheap gas increased demand and imports are higher than ever with prices not far behind.

That's partly true. But you left out the fact that OPEC (mostly the Saudis) ramped up production to lower prices in order to discourage our domestic development.

[Realism]

Yep. The way it looks now a days the markets are so volatile and disconnected from actual numbers the mere approval to drill could drive oil prices well below whats feasible for domestic production.

[attiladhun2]

But the days of the OPEC stragglehold are numbered. The Saudis have been inflating their estimated reserves for years. They are going to run out of recoverable oil by the end of this century. However, by then cheap hydrogen and natural gas will probably have put this bunch out of business anyway.