re: #115 Gus 802

Haven’t you heard? Once domestic oil production picks up the oil producers will sell their oil below market or commodity value as a symbol of solidarity with the American people. Once those prices are lowered through this patriotic act by the oil producers it will be followed by an equally patriotic act by the oil refiners. This will translate to lower gasoline prices at the pump. See. Like magic! Sort of like… creationism.

The US has 2% of the worlds potential reserves off of its coasts. If we developed *all* of that (ANWR, Florida, Cali, and deep plays in the gulf and east coast), it would have a negligible affect on pricing.

Period. Full stop.