My husband contends that if we start drilling the Saudis will do what they can to lower their prices to discourage us from drilling.
Let them. Seriuously. First, in the mean time we’ll keep drilling until it becomes economically unreasonable. In the mean time the 2 additional sources of extra oil will speed the decline in price. THEN, when oil creeps up again we aren’t drilling but simply uncapping already drilled wells, which is a far less expensive proposition and has already begun in certain areas. It’s also not uncommon for wells that seemed tapped out to have recharged in the interim, meaning another readily available source of oil.
Frankly, while I am not on the anti-Big Oil bandwagon, having grown up in the oil patch I have no doubt that increasing domestic production at least somewhat is not as difficult as some have said. Lots of abandoned wells out there, and the improved technology and tendency for recharging makes me think many of them could be pumping again in short order if the people holding the leases really wanted to make it happen,
I think he is right.
They will get very nervous about us becoming independent - we have enough gas reserves, for example, just under the ground in the Utah area, to out-produce all the camel countries.
Their billions and their choke hold on the world would dry up and blow off into the wastelands.
They would, I agree, quite quickly, start lowering their prices. That's the short term good news.
But we must still forge ahead with drilling/refineries/etc - and become INDEPENDENT.
How on God's green earth did we allow ourselves to be dependent on the most hostile hordes on the planet let alone content/adamant (in DC) to stay captives?
Insanity.
We have a window of opportunity. A SMALL one.
We demand it now, or we will never get another shot.
We have become too lax in wanting our politicians to do it all for us. This is the time we must jump in and make our voices and demands heard loud and clear. The dems will never back off without a loud and rebellious uprising from "We the People" = we show our support NOW for drilling/refining - or we will get no second chance.
And if we don't make our voices heard NOW, we deserve what we get.