No, it would ake little difference in SUPPLY, not price. The trading price on the futures market would see an immediate drop as soon as the Obama administration started REALLY issuing permits, not just the token one just issued in an attempt to beat the contempt of court charge.
Granted...I want "Drill, drill drill, baby"...as it's good for our country. Until we can get serious about nuke power, clean coal power, natgas power.
But I think the poster is correct...demand is up, and up big in China and India..and quite a few other countries.