Obama Dead Wrong About Drilling

Originally posted by joe70353

You just proved my argument, sir.

There was no increase in oil or gas supplies, yet the price of gas at the pump went down! Why? There are numerous reasons. Among those are: lower demand because people were driving less, a sharp decrease in oil speculation, and a stronger dollar (compared to early Summer). None of those reasons included offshore drilling in previously-prohibited areas!

I never said supply was the only factor affecting prices. Supply and demand go hand and hand.

Increasing supply by drilling here will cause oil prices to otherwise be lower than they would have been. Do you dispute this?

Ahh.. and there you have it. A plot. Didn't happen. But under Bush it DID. But that's not the point. The point was simply that the OP was using a logic thread that was simplistiuc and flawed. I simply used that scenario to point out the ridiculousness of his argument.

reply to post by jamie83


Again why do they need more land when they are using but 25% of what they already have?