Wonder why you are paying 4 bucks at the pump? It’s Economics 101. More demand raises prices. More supply lowers prices. Do we need to increase supply? You bet. Do we not have any oil in the US? Not at all. Check this out.
The red zones on the map below show areas where oil may exist or does exist and we are blocked from drilling. The yellow area is the area that China and Cuba are currently exploring so they can drill it out from under us. In the northern middle of the country there is something called Shale Oil (or oil shale) which we currently have 62% (I have heard the number was higher, but found this on wikipedia) of the world’s supply and do nothing with. Why do we do nothing with our own oil? Because lobbyist have blocked us and pushed regulations to make the extraction and production of this oil expensive if not impossible.
Make no mistake, the free world runs on oil and we have plenty. So what are you going to do about it?
Happy Driving!
