Originally Posted by 500grains
I will try to simplify this again for those who are not grasping the concept.

More supply => lower prices.

More drilling + more refining => More supply.

Therefore if you want lower prices, pursue both more drilling and more refining.

The primary obstacles to that are Obama and his EPA.


You're not getting it. One ounce among gallons doesn't change the situation.

There isn't enough oil in the US to change the supply/demand dynamics; that's my point.
More drilling does NOT mean more refining; you don't know the first thing about the refining business, don't pretend you do.

None of this adds up to more supply in any way that will ever make a meaningful impact on the market. YOU'RE IN DENIAL

Look, I'm all for drilling, I'm all for more oil...I work in the industry, I WANT MORE OIL for Pete's sake. I want this more than anyone. But you can wish in one hand and chit in the other and unfortunately the only hand that holds anything of substance is the one you chit in.