I do and here's why...
There are a lot of intelligent people already contributing to this� but I will add my $.02 any way.
As I see it, there are several reasons prices fluxuate, Change in demand, change in supply.
On the demand side we find ourselves in an odd spot� while we are a significant consumer of oil, other countries have increased and are still increasing their oil consumption (China, India).
So we can find ourselves with increasing prices even as our oil consumption drops.
On the supply side � let�s face it, when a large part of the world�s supply comes from unstable areas the price will be unstable.
There is also the fact that much of the worlds refining capabilities (outside the US) are geared to a specific type of crude and this can actually magnify the problem.
Having more oil production in the US will add stability to the market�
And expanding things out of the GOM will also add stability.
Oh yes� it will increase jobs.
Just sayen
Last edited by temmi; 05/17/11. Reason: ,
