Originally Posted By: bcossa2001
More drilling is more oil...
More oil is less dependence...
Yes, but how much less? "Less dependence" is a far cry from the fantasy of oil independence.
At least the potential new finds would help offset declines from existing fields, maybe even result in a modest overall boost in output by the mid-2010's. Good for some oil companies (who I have no problem with), good for some states tax revenues, but far from independence and probably no significant impact on prices.
More drilling is more oil...
More oil is less dependence...
Yes, but how much less? "Less dependence" is a far cry from the fantasy of oil independence.
At least the potential new finds would help offset declines from existing fields, maybe even result in a modest overall boost in output by the mid-2010's. Good for some oil companies (who I have no problem with), good for some states tax revenues, but far from independence and probably no significant impact on prices.