mrstickball on 31 March 2010
Still, though, even if supply doesn't benefit us for another 10-20 years, the effects will be felt today. Speculators will drive down the price of oil, since they believe the US will have more access to native sources in the future. Plus, it will provide jobs for those building the rigs.
My question is what the caveat is to the proposed legislation - will there be more regulation in other areas? Is Obama exchanging this token for Cap & Trade or other environmental concessions?
Back from the dead, I'm afraid.
