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Originally Posted by PBodyGT87
It'll cut down the demand for gasoline when less of the population is using it. That alone will make gas cheaper, sooner.
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i think you are underestimating the greed of some people. the oil companies will NOT allow themselves to lose profit margain or gross income.
this is all proven by recent history. OPEC releases more production to the US market after they see sales falling off. prices drop briefly, then go back up again.
pricing for crude and refined fuels is not supply side, it is demand side. the introduction and backing of E85 by our government will not change that. prices will continue to rise every summer just in time for travel season just because the manufacturers know they can get away with it.
i am also not suggesting that we exclusively use and refine from our own domestic wells. i just wanted to point out that we can easily reduce the percentage reliance on imported crude for the next few hundred years based solely on the limited exploritory drilling that has already been done.