Would defeating Democrats over offshore drilling & environmental extremism immediately lower oil prices?

It would seem the futures market would immediately perceive the United States getting over all the hurdles blocking any increases to the world energy supply.








[Please STAR this question]Would defeating Democrats over offshore drilling %26amp; environmental extremism immediately lower oil prices?
It might lower the cost of oil a few dollars for a week or two, but then the price would shoot back up again. And we wouldn't see any appreciable difference in the price at the pump.


$4/gallon is here to stay...get used to it.Would defeating Democrats over offshore drilling %26amp; environmental extremism immediately lower oil prices?
No, of course not.





as always speculation is a short term problem


the free market Always adjust it's self (economics 101)





';increases to the world energy supply'; ??


wrong - because we don't have a supply problem, there is No shortage at this time.





but.. Americans have driven 40 billion miles less in the past seven months pushing down demand for gas by 2.4%


Airlines have cut back 15%


there are even modest drops in China %26amp; India


thus..


Conservation plus less demand spells gas moving back to about $ 3.00 per gallon.


even if only for a short time





the Real reason for high gas prices - ';Peak Oil';


gas will be $ 5.00 per gallon sooner than later.


get used to it





do you really think that you can ';trick'; oil speculators by telling them what you want them to hear ?


get real, those speculators are not that stupid, they live in the real world.


and Only Saudi Arabia has significant excess capacity that it could put on the open market quickly.


When Saudi Arabia said that thay are going to be developing the giant ';Khurais Field'; did that make the speculators happy ? - NOPE
No. The energy futures market is absolutely unregulated in the US. That's one of several reasons for the current prices. Additionally, given that it would be a decade or more before the first drop would flow into the lower 48, the futures market (which is generally limited to about 6 months to a year at most) would be totally unaffected.
Nope...





And in actuality, we have much future concerns for environmental change that will occur. Simply by making labels does not make issues so. There are not any ';extremists'; other than those who constantly wish to remain static. The world is changing, and we should move on to embrace new technologies that would not only eliminate fossil fuels, but allow for reduced health costs; reducing the costs of natural disasters and insuring that humanity has the basic needs of life: clean air, water, and untainted food. I am sorry if such necessities strike you as ';extreme';, but most pragmatics, including Pentagon planners recognize the obvious.
There is no such thing as ';environmental extremism'; in a world where MERCURY IS FOUND IN MOTHER'S MILK.





And NO, destroying the marine estuarial ecosystem will NOT lower oil prices. ';Immediately'; or otherwise.





It's so hilarious that you still have not figured out that the prices are being controlled by SPECULATORS making millions by the hour - has NOTHING to do with supply.
I'm not sure of the immediate impact this would have on oil prices. I believe it would have some impact and it would definitely have more of a short term impact than what the dems are suggesting-which is nothing.





I know it would help within a few months to a year and a half as it would take some time to get the oil ready for use, but not the 10 yrs that many dems in congress have been saying.
Yes,


I don't know what all the fuss is about. their has been drilling in Louisiana for years and it is known as the sportsman's paradise. I lived their all my life and all sorts of animal and plant life thrive their. The argument about endanger species etc do not hold water. As for oil spills we have had our share and guess what it always comes back to where it was before. Nancy Pelosi and the dems are totally wrong, I agree that we need alternatives but until then lets use what we have. Bring down the futures market by allowing the drilling and then lets go with the oil man T-bone Pickens he wants to make money in the future he has the right ideas. If we don't drill offshore the Chinese are planning to drill in international waters off our coast. Then we will have to give more of our money to the Chinese for their oil.
Any news that indicates that the supply of oil could increase will cause the prices to lower. Speculators are not going to think that something that might increase supplies is going to do well for their investment.





Worst case scenario: nothing happens, and they don't even drill, no harm, no foul. Where is the harm in lifting the ban? It certainly will not make things worse.
No it would not. Off-shore Drilling in America would lead to decreased oil prices in about 15 years. 15 years from now, MOST of the vehicles in America will be electric or hydrogen-fueled. So, it is an obvious ploy by Republicans to get more votes for John McCain.... he needs them extra votes bad.
No, it would not and there's nothing to support such an assertion. As a matter of fact, once a serious effort is expressed toward developing alternative resources, oil price will fall from a measure of investors moving dollars out of oil and into emerging technologies (that are a sure-thing for financial gain once the government backs it).
Ok theres your *





Just the mentioning of drilling has lowered the price!





Screw the arabs...they can use their oil for K-Y Jelly for all I care!





I say we be free of arab oil within 10 years.


Drill, windmills, solar, nuke!


Drill, windmills, solar, nuke!


Drill, windmills, solar, nuke!


Drill, windmills, solar, nuke!


Drill, windmills, solar, nuke!


Drill, windmills, solar, nuke!





Step aside Pelosi!
Maybe just a little at first when OPEC and that South American devil realizes that we're not going to be buying as much of their oil as we have been but the real price reduction will be much later when the oil starts to flow which may take between 5 and 10 years. The fact that Bush is killing the ban on drilling brought the price down a little within one day.
Not really. First, you would need to get the Oil companies off their butts to drill. They currently hold leases on 68,000,000 acres to drill. 33,000,000 of these ar off-shore leases. Wait for all the excuses if Congress goes for the ';use it or lose it'; Bill to make them drill what they already have leased.
That's wishful thinking and only underscores the fact that offshore drilling and rolling back environmental laws will have virtually no effect on the price of gas here or the price of oil on the world market.
';environmental extremism'; Ignoreing the environment is extremism. Going green is smart. Anything less is - well - less than smart.
Gas prices are important but energy independence is even more important.





I guess I'll give you a star since you asked nice.
Immediate just as Bush's act of resending the executive order against it has done.





Can't deny the facts people, his one act lowered prices immediately.
Yes...the futures market for commodities prices in any situation that could increase or decrease the demand. Example: when Israel was threatening to attack Iran, oil rose in prices.
no maybe in 10 years ( temporarily with enviornmental ruin )





However defeatin the grand oil party enforecing war profiteering laws vs exon would cut them in a few hours
Absolutely. No question about it. If you don't believe it, search ';speculation'; on your favorite search engine (Yahoo! of course!) and learn a thing or two about economics.
It appears that the threat of it already has so I assume once the actual drilling starts we'll see even lower crude oil prices.
The Democrats are going to lose all elections over this, people are howling over the prices
Yes it would and in the long run would be very profitable to the US. We need to be free of the Middle East oil.
Yes because that would hurt speculators and they'd be quick to sell.
Yes---and I gave you a star for a good question.
No.
Yes.
no