Who says we have no impact with Oil Prices??

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  • Weems2k
    SBR Wise Guy
    • 11-11-11
    • 559

    #1
    Who says we have no impact with Oil Prices??
    I keep hearing the lame argument that increasing domestic oil drilling will have zero impact with prices, and that it's just killing the environment leading to more "global warming". If that's the case, how is it that when a hurricane comes crashing through the Gulf, prices surge? If what they say is true, then a mere stop of production from the Gulf/America for a couple weeks shouldn't be anything if it's all about Saudi Arabia, and OPEC. Yet here we are, with hurricane Issac causing oil, and gas prices back over $4.00/gallon. I guess when taking steps to increase supply, America, and The Gulf Region has no pull, yet the slightest news of a shortage, and everyone goes nuts. I must be living in the bizarro world of economics.
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