Lower Gas Prices? Increase Supply


	Lower Gas Prices? Increase Supply

Josh Lipton

5-22-2008 11:02 AM

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Josh Lipton says:

So says Dr. Mark Perry in a recent posting.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d3bf7c96-7de7-4907-b5a5-c60472c0d2ce/EA1F80B6-2D41-4B61-8BC2-99460195AFFF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://mjperry.blogspot.com/2008/05/want-lower-gas-prices-ok-lets-increase.html" href="http://mjperry.blogspot.com/2008/05/want-lower-gas-prices-ok-lets-increase.html" style="font-size: 11px;">mjperry.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2008/05/want-lower-gas-prices-ok-lets-increase.html"><DIV><EM><SPAN>World oil prices might decline if there were more spare oil production capacity. But the control of world oil prices is not in the hands of investor-owned oil companies in the United States, which control just 6% of worldwide oil reserves (national oil companies of foreign governments own 80% of the world's oil reserves). </SPAN></EM></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2008/05/want-lower-gas-prices-ok-lets-increase.html"><DIV><EM><SPAN>Even if the control of oil prices were in American hands, which it is not, Congress refuses to allow access to plentiful oil and natural gas deposits beneath federal lands and U.S. coastal waters. It's hard for our government to ask the main oil-producing foreign countries to increase their production when 85 percent of the U.S. Outer Continental Shelf and the Arctic National Wildlife Refuge are closed to domestic energy production. All too forgotten is that these areas hold billions of barrels of oil, enough to strengthen U.S. energy security and support our economic growth for many years. </SPAN></EM></DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/EA1F80B6-2D41-4B61-8BC2-99460195AFFF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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