Who Gets the Credit for the Drop in Oil Prices Lately?

I think you guys should pat yourselves in the back.

International Herald Tribune said:
The drop in oil prices has come as gasoline demand in the United States fell sharply in recent months, thanks to Americans cutting back on their driving. Gasoline consumption fell 3.6 percent in the week ending July 18, compared with the year-earlier period, according to the Energy Department. Americans drove 9.6 billion fewer miles in May compared with the same period last year, a 3.7 percent decline and the biggest-ever drop at that time of year, the Transportation Department said on Monday.

The high prices have obviously caused a huge amount of people to cut back on their oil consumption all over the world, and driven prices down a bit, but unless oil consumption is definitely under control by shifting to other, hopefully susteinable, sources, this kind of shit is gonna keep happening. And it's gonna happen whether or not you drill anywhere, be it Brazil, the US, or Antartica.

People have to start realizing what is meant when fossil fuel is said to be "unrenewable"- because it runs out. There's only so much of it below the surface. And it's gonna run out, be it in a a few decades or a hundred years, it's goingto happen, and unless the incentive of high fossil fuel prices makes renewable or at the least less contaminating sources of energy viable, we're all going to end up in the shithole, or the kids are, or their kids are (forget about the generation after that).
 
Do you mean who gets credit in the nation's eye? Or who's actually responsible?

I'd mostly credit Wall St speculation with being actually responsible.
 
OBAMA! Reid! Pelosi! How many times have you heard Obama, Harry Reid and Pelosi say drilling won't help??????

Just look it up.
It won't. During the late 70's and early 80's Carter and then Reagan opened up North Slope oil and yet it was the reduction in consumption from 22MB to 14MB (79 to 85) that cut the price of gas in half. What new drilling did was displace higher production cost oil that was already on the market. It was very effective in shutting down oil production in Texas and California and bankrupting independents such as George Bush but had nothing to do with dropping the price of oil at the pump. The effect of new drilling would be no different today. The only way to lower the price of oil at the pump is to stop using so much of it.
 
Drilling is the first step to American independence on foreign oil. The sooner we drill, the sooner we can stop fighting wars for oil, the sooner we can stop spending money on foreign oil, and the sooner we can focus our time on cleaner, cheaper, and renewable resources. But as long as we're having to scrape and fight for the energy we have, we don't have the time, energy, or money to focus on alternative sources.

First, wars over oil are wars of choice and the best way to prevent them is to simply not make that choice. Second, you are making the same argument that was made during the 70's and 80's and we are no more energy independent today then we were then. You forget that republicans are adamant in their objection to government forced conservation and energy R&D--my, my how soon we forget Reagan tearing down Carters solar panels at the Whitehouse, cutting energy R&D, and that it was Republicans who opposed new CART regulations in 2001 that, today, would have given us a fleet average 10MPG higher and far lower gas prices.

Oil is a world commodity, priced as a world commodity, and so long as we use it we will never be energy independence. You are spewing empty party rhetoric and given republican track records at conservation and R&D a laughable one at that...
 

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