Originally Posted by newdodge
Even a quick change in law is expected to have no immediate effect on oil supply. The impact, Hennessey said, "is definitely measured in years." But he said that allowing a greater oil supply in future years could trigger the market to use more supply now and reduce the price of oil.
So first we didn't have enough oil and the prices went up, and now we are not using enough, so the prices are up. Interesting....