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Originally Posted by tony286
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Heard that today on the radio.
And if oil companies are allowed to go into federal lands & offshore it will be HUGE.
The news said today that just on the private and state lands the U.S. will become the new "middle east" of oil in the next few years.
That's what Ive been saying that I've read. That oil companies have developed new technologies to find and get oil that they didn't even know existed ten years ago.
It's a very real possibility that we can actually increase world supply enough to start bringing those gas prices way down by bringing the price for a barrel of oil way down on the global market.
That is great news!