On 2008-06-19, Dylan Smith wrote:
But suppose you exploit every single oil reserve, the oil will *still*
be traded on the global market (because oil companies quite naturally
want to maximise profits). So tear up all environmental regulations,
exploit all the oil - and oil prices will hardly move, since it'll still
all go on the global market and global conditions won't have changed.
Gasoline will still ultimately hit $10/gallon if that's what it's going
to do.

You're ignoring the most basic of all market forces: supply and demand.
Supply goes up, prices go down, no matter where things are bought or sold.
It's that simple.
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Jay Maynard, K5ZC http://www.conmicro.com
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