I am just guessing but I am almost certain when China gets its second breath and continues to progress and build some more, gasoline prices will double. I may be wrong but it almost looks like that’s the direction gasoline prices are headed. And, there’s nothing we can do about it.
It is absolutely certain if we drill for oil inland or offshore, whatever is pulled out of the ground will automatically put on the world market. Our domestic producers are not stupid. They know where the money comes from. China being one of them. Thus prices will sky rocket.
Nonetheless, it would takes years to get oil flowing. It just doesn’t happen over night. It takes geology, guessing, hunting, drilling, and drilling again. A slow laborious process.
And once again, the oil companies will sell the oil to the highest bidder. Global demand. Global prices. Good luck.
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So, what's your take on this?