Probably not IMO. We're at a very important crossroads. America is just plain sick of the corruption within business across our great land.
Just like the AIG ';execs'; who spent $443,000 in a resort after an $85BILLION which you, I, %26amp; all American taxpayers paid.
This is plain sick for these ';men'; to do things like this.
I firmly believe the USA will withdraw slowly from dependence on foriegn oil. The Saudi's will become very concerned and the price will most likely go even lower.
I'd hope the Oil Co's would invest their own monumental profits into their own business. It's not my duty, nor any or yours, to ';help'; them pay for their drilling.
GOD have mercy our USA. Please don't thumbs down me when I say ';please be careful for whom you vote';. I prefer the man with the most experience personally. Will oil companies ask for government subsidies to drill now that prices are dropping?
Oil companies already receive subsidies from the government. Which is strange since the oil companies are making record profits, yet refuse to build any new refineries. I'm sure there lobbyist will try to get more subsidies.
As long as there are idiots in the Congress, of course they'll ask. Wouldn't you?
By the way, did you know that the democrat bail-out bill had new subsidies for oil companies?
It wouldn't surprise me. I want to see us give the Arabs a run for their money and drive prices down even further. Let's get our energy programs (all of them) up and running ASAP! Let's create some new jobs for our citizens!
The reason the price is dropping is the fact that the economy is so bad, people are not buying petrol products.
Even if we drill, it will be ten years before we see the oil from these locations. We are making new advances so quickly. Is it worth it? IDK?
Don't they always?
no
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