Epsilon Delta
Jedi Master
The problem is that there's absolutely no proof that more drilling's going to make it any cheaper, and the figures revolve around an absolute complete minimum of 5 years before it gives any fruit anyway, with most going around the one or two decades time span. You have to make oil a more relatively ELASTIC good, so that when the price rises, people can switch to alternatives and the price goes down. Obviously it's not that cristal clear in real life, but that's economics for you.
Suggest reading CharlestonChad's post.
Suggest reading CharlestonChad's post.