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To: org.whodat
Even if you drill in Alaska it will not change the amount of oil imported, lowest shipping cost is the shortest point from supply to market. There are several oil shipping charts on the web.

Oil is a fungible commodity.

An increase in global supply brings a decrease in price.

21 posted on 03/04/2011 1:46:35 PM PST by E. Pluribus Unum ("If they bring a knife to the fight, we bring a gun." -- Barry Soetoro, June 11, 2008)
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To: E. Pluribus Unum

Really, then when are those four thousand wells punched in ND the past couple of years going to reduce price. I grew up on a farm and live on one I know bs when is see it.


38 posted on 03/04/2011 1:59:40 PM PST by org.whodat
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