Out to 2015 on the NYMEX. http://futures.tradingcharts.com/marketquotes/index.php3?market=CL I doubt vary much if drilling more would lower the price a lot, although I'm in favor of it. It may shave $15 to $20 off the price for a little while. This is a demand driven market. People in other developing countries are just beginning to buy cars and drive which will make the problem worse.
“Out to 2015 on the NYMEX.”
2015, I would not have thought that far out. So, I guess some policy changes and serious plans by the US would bring the price down some. Thanks.