Bruzilla said:You're exactly right, and that plan is great for OPEC but sucks for US consumers. That wouldn't be such a big deal except for the fact that in pretty much every other market segment in America it is the consumer that drives prices, not the producer. Even Coca-Cola, the most consumed manufactured beverage on the planet, has to routinely put its products on sale to revive consumer interest. So, if we won't tolerate this from soda, shoe, clothes, or bread makers, why should we tolerate it from foreign oil producers, escpecially when we have the means to compete with them domestically?
I think that rather than waiting for some eggheads to finally come up with cheap-affordable-clean ways to drive cars on water or coal-derived gasoline, our government's best move is to give OPEC the equivalent of Americans telling Coke that we're switching to Pepsi en masse by saying we're going to start drilling for oil the same way that you guys do, i.e., anywhere we want, and you can sit on your oil for 40-50 years and go broke while you wait for the Chinese demand to get even remotely close to the current US demand. And if you want us back buying your oil and filling your pcokets again, you'll need to get oil back to a price point where it's no longer profitable to drill in the US... say $37/barrel.
The problem is our economy can't run on Coca-Cola.
Drilling at home isn't going to solve much of the problem. If we have a crude oil based economy it'll have to be imported. I again, repeat the arguments that oil is a globally demanded product, and we can't insulate ourselves from those market forces while still doing things like buying cheap products from China, etc, etc.