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  • Offshore Drilling Isn't the Answer - Supply and Demand Is [View article]
    If your looking for 'Short Term' solutions, then yes the quickest way to curb oil prices is to curb demand. Unfortunately it is 'Short Term' thinking that got us here in the first place. If you want to talk about supply and demand, you must realize that the demand for oil will continue to increase, and without new regions to tap then the future supply will decrease.
    If we want oil to truly drop then not only must we conserve, but we must also discover and develop new supply. That means Offshore drilling, and opening Anwar. The Future's market in oil would drop substantially knowing that oil supplies once off limits could now be tapped, even though they would not be available for up to ten years.
    Jul 17 08:42 am |Rating: 0 0 |Link to Comment
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