“[the nugget you ignored is that too little additional supply as demand rises will have no meaningful impact on pump prices. Add in the cartel setting oil prices at its own whim, and you have reality. Next time you present an argument, use more facts and less arrogantly broad generalizations. ]:

Daniel, do you have a point? If so please make it. Or at least attempt to make a point that a person with reasonable intelligence can think that it’s logical.

What I think you mean to say is that if we were to authorize additional drilling in the US that it would not have any meaningful effect on oil prices. What you fail to articulate is how you arrive at that conclusion.

http://useconomy.about.com/od/commoditiesmarketfaq/f/oil_prices.htm

BTW, Daniel I’ve changed my mind. By all means keep posting more political articles. This is way to amusing to have you go back to just cheering Apple on.

Daniel – are you serious? Really? Please back off on the pain meds. It’s obviously having some serious impact on your logic.

You have excellent insight on Macs and technology – your insights into economics however are lacking.

So drilling here will not have an impact on oil prices? Do you really know how oil prices are set? It does not appear so.

[the nugget you ignored is that too little additional supply as demand rises will have no meaningful impact on pump prices. Add in the cartel setting oil prices at its own whim, and you have reality. Next time you present an argument, use more facts and less arrogantly broad generalizations. ]

Let me put in terms understandable. Supply and demand. Why do you think oil prices shoot up when there’s a storm in the gulf – at a time when the gas at the local gas stations was obviously produced weeks or months ago. It’s the thread of a disrupted supply of oil that drives the price up.

Now suppose when there’s an announcement that oil drilling restrictions have been lifted and we’ll be opening new oil wells for production. Could it be that this would also have an impact on prices????? Duhhhhhh of course it will.

I’m all for reducing our dependency on oil. We’re a long way off however from powering the jets with something other than jet fuel, trucks, etc.

In the meantime we should expand production here, improve mileage and here’s something we don’t hear much of – build new nuclear power plants.

Dan, please stick to Macs, it’s what you do well. When you drift into the democratic party “talking points” you deviate from your core abilities.

We should have more politicians working help US Oil Companies not make it more difficult for them and demonizing them. But instead, we have politicians pledging higher taxes ( which we pay, not oil companies), restricting drilling, and making it difficult to expand refining while dragging oil executives before Congress to rant a rave and blame them and the administration when price go up when those same congressman are more to blame. And now will see the same thing with the current financial mess where democrats will blame the administration, but when you look past the rhetoric, those to blame will come back to the Democratics and a handful of Republicans on the Hill.