Quote:
Originally Posted by RabidRed
My take is that if the USA decided to do off shore drilling for oil, the price of oil would drop over night. If that happens the economic engine of this country would kick back in and we would be off and running.
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I really don't think that is going to help. To date when you combine the estimated oil shelf in Alaska and elsewhere stateside if I remember correctly we are looking at something on the order of 8 million barrels. The US consumes 20 million barrels of oil A DAY. The next nearest neighbor is China consuming something like 5-8 million barrels a day. I just don't see how drilling here in the US helps us long-term.