Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Normal
I'd say it was predatory lending practices and people living beyond their means.I'd say it was whoever convinced Americans that ethanol was a good method to reduce our dependence on foreign oil.I take it you are referring to the ANWR reserves and off-shore drilling. Take a look at the barrels per day both reserves will offer and the timeline both will come online. You'll find those reserves aren't as great as you are making them out to be, in terms of barrels per day, especially in the short term.Even if the rules you are referring to weren't in place we would still be seeing a high price for oil. The only thing bringing it down is conservation and less demand, not a lack of oil.
I'd say it was predatory lending practices and people living beyond their means.
I'd say it was whoever convinced Americans that ethanol was a good method to reduce our dependence on foreign oil.
I take it you are referring to the ANWR reserves and off-shore drilling. Take a look at the barrels per day both reserves will offer and the timeline both will come online. You'll find those reserves aren't as great as you are making them out to be, in terms of barrels per day, especially in the short term.
Even if the rules you are referring to weren't in place we would still be seeing a high price for oil. The only thing bringing it down is conservation and less demand, not a lack of oil.
