<blockquote><font size=1>In reply to:</font><hr><p>Offshore drilling or drilling in ANWAR will not have an effect on our supply for ten plus years. But the commodities markets that bid oil up or down would react. They would consider that the US is finally getting serious about its energy policy. And the price would come down immediately. <p><hr></blockquote><p>What would really put an immediate effect onto the commodities market which would lower the price of a barrel of oil by 40 dollars is to put back in place the regulations that Ronald Reagan stripped off. Just the one which now allows oil futures speculation to work by putting down only 5 cents on the dollar. Get it back up to 50 cents to the dollar bet. Then you would see a real drop. <br><br>The announcement that ANWAR was going to be drilled would lower the price of a barrel about one plug nickel.<br><br><br><br><br><br><br>
That's very much like saying that even though we know now how insignificant the increased production will yield, we're a lot smarter than energy traders. Gee, I hope the folks over on the oil market aren't listening to any of this right now.<br><br>-- Cee Bee Double-U
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