CommonMan on 31 March 2010
| mrstickball said: 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? |
Unfortunately I don't think he's getting anything tangible like cap and trade from this. I think this may strictly be a sop to the conservatives that support this. Also, as was stated above, he does want a "diverse energy solution" (I quoted this because I heard him say this in a speech today).
