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      04-01-2012, 02:26 PM   #17
ScotchAndCigar's Avatar

Drives: 2011 128i space gray vert
Join Date: Feb 2011
Location: New England

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Yes, and if you look at the washington post article I referenced in my post above, you'll see it explain that historically, there's no link between US oil production and gas prices. So in addition to providing no relief in the near future, there'd likely be no relief in the farther future from more drilling. Plus there's the fact that we're currently drilling in the most profitable sites (lowest cost and best yield), so any expansion would be towards higher cost, lower yield sites, as well as higher environmental impacts. So the laws of diminishing returns apply. Better to invest in alt energy.