Originally posted by: Hayabusa Rider
Originally posted by: Genx87
If OPEC turned down the tap to 75% and we were able to adjust our own domestic supply accordingly their influence on the market would be smaller. All they would do is cut their nose to spite their face. As it stands right now our domestic supply is so pitiful we are at the whims of these govts and the instability surrounding them.
Of course getting off oil is the ultimate goal. But that isnt going to happen for decades. Right now our biggest problem is the entrenched corn ethanol interests in washington. But that is for another thread.
The more oil we pump at home the less oil the OPEC nations have to wield power with.
The point is that there isn't enough oil to do that. Sure you can point to oil sands, and I can point to tritium mining on the moon. Both are about as economically feasible. It isn't what exists, but rather what can be obtained at a given and sustainable price point.
As it is now, there isn't enough economically recoverable oil to do as you suggest. Sure it's good to have domestic oil, but don't make the mistake that it's going to make a significant change in the short or long run. I'm in favor of it not so much as an energy source, but a domestic source of raw materials. We are in a real sense burning our clothing and homes which are in part made from petroleum products. Doesn't seem smart to me.