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To add a bit of info about drilling off shore. It does not take 10 years for oil to reach point of use. It does not even take 5 years. It takes anywhere from 1 to 2 years for oil to be in system. With the newer tech. now some think they could do it in under 1 year.

Land rigs can drill 2 miles roughly 20 days and oil will be pumping out and into storage tanks for trucks to pick up or if near an oil line it gets tied in to the trunk line with a meter. The same for the natural gas that is harvested with oil. In places in Eastern USA oil and gas is 1 mile give or take and there is 2 year waiting list to get a hole drilled that will produce from 20 barrels too 200 barrels a day not counting the natural gas.

The people making all the laws do things just to make themselves electable evven if it really is not what may be best. 10 years ago when slick willy was in office the Rebulicans tried hard to push for drilling in presently discussed areas. Dems shot it down. It is a shame people have to be put through this hard time to get resources that would shut thr spiget off to Arab wells or slow it down bad. Our automakers should have been building better engines that would perform as well on natrural gas as any fuel. Our country has so much natural gas we would never run out. If an area is afraid of nuke power plants go to all natural gas power plants which is happening in many cases.

Well, the just wanted to add what very little I know and my opinion. The oil can be gotten to market faster than led to believe and speculation is in the market and it has to be there for liquidity just like grain markets as well as precious metals. The worst thing that can happen is for there to be no buyers. Oil right now is being driven not by what the situation it is right now but, what people is guessing what is going to be happening down the road and mainly if USA and Isreal will go to war with Iran. Isreal is the really only true friend in mideast. The one place that has always been the one beach head already established if all Arab nations turned hard on USA and Isreal. No matter what anyone does with Iran in the state it is, there is going to be a WWWIII in mideast and the allies on each side will be similar to WWII except Russia will be with Iran and other Arabs and China will be with US as well as a few more minor changes.

TAZ