Quote:
Originally Posted by m6-lt1
While this is true we need to drill even more. It would be nice if we could produce more than we use on a daily basis. Contrary to some popular beliefs by some people we were NEVER energy independent under any admin. We always have consumed more than we produce. I believe all these drilling restrictions/bans minus the pipeline (which has no effect on todays gas prices because it’s less than 20% done like you mentioned) have been lifted but drillers/oil company’s just aren’t doing any drilling. Something about securing loans is tough because oil is seen as a risky investment.
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Arguably we could be drilling more, but we wouldn’t see the effects for a while.
I wonder if oil companies would make as much $$ if they did… Did I mention we’re already the #1 oil producer and still climbing?
