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[quote]QUOTE: Originally posted by zapp Negative! Just because they find it doesn't mean there will be a glut on the market. They are not going to cut their own throats by flooding the market. It would simply guarantee a supply/source. Saying it would lower gas prices is being simplistic.[quote]QUOTE: Originally posted by Lotus098 [quote]QUOTE: Originally posted by TomDiehl [quote]QUOTE: Originally posted by icmr I'm ready for the gas because we have to have it so why complain about. And why blaim the President all of the time I mean he really can't do anything without CONGRESS. ICMR MY$2.75 [/quote] That's because the opposite of PROgress is Congress. Add to that Bush's "Energy Bill" that gives big tax incentives to oil companies to look for oil, while Exxon posted the largest profit last quarter for ANY company in history. Just what they need, more tax incentives to look for oil so they can make more money. Guess who gets to make up the difference so they can balance the Federal Budget? [/quote]Sorry, I know economics, that will drop the price of oil by putting a glut on the market. Very simple. [/quote] [/quote]I only takes a very small amount to glut the market. The oil compaies relize that selling more oil makes more money. Supply and demand this increases supply, that drops the price.
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