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<p>Oh, so that’s the reason we can’t drill offshore, or in ANWR, or build new refineries, or build new nuclear plants, or why we have to have over a dozen different formulations of gasoline, or why government takes more in taxes from a gallon of gas than the EEEEEEEVIL oil companies do?</p>
<p>Riiiiiiight…</p>
<p>:rolleyes:</p>
<p>If we announced tomorrow that we were opening ANWR, the Gulf of Mexico, and the Atlantic and Pacific coasts to oil drilling, and that we were going to build 5 new refineries, and 10 new nuclear power plants, and we were going to cut taxes on fuel by 30%, you’d see PANIC in OPEC and the price of crude would suddenly plummet. NOT because there was suddenly all this supply available (it would take years to bring to market), but rather because it eventually WOULD be available. Their best way to combat the investment to get all that rolling is to make current oil cheaper.</p>
<p>Of course, I’d go on ahead and do the drilling, refining, nuking, and tax-cutting anyway. Hell, I’d do the tax cuts RIGHT NOW.</p>