Oh please. Random extrapolation does not add up to a cogent argument. Personal insults just get responded to in kind. You want to go that way with me?
Boon Pickens couldn't even get the country going on it after he spent a wad of money on advertising. I think he ran into that crash down to $32 oil that took everyones mind off of it. Guess what, Boon. The price is back up there!
As long as oil is denominated in U.S. dollars and Bernanke keeps his vendetta against the U.S. dollar going I dont think that drilling is going to change much, besides holding the current price at the same levels. If somehow the U.S. could increase the World oil supply by 10% it wouldnt even bring oil prices down because by the time we did it, the U.S. dollar will be worth 10% less.
The dollar is a whole story on its own. But it was the commencemt of drilling that helped cause the $140 oil go to $32 quite quickly. Then we stopped and here we are again. I think that showed that just the opening of the areas with real oil reserves has a near immediate impact on price.
Actually I misread your handle, but your statement is still false, although my response was too strong.
Extra U.S. drilling had almost nothing to do with that move on oil from 140 to 32.... It was all about a collapse in the economy/assets, and a flight to safety in the USD.