17 Aug '11, 8pm

Bachmann Promises to Drop Gas to $2 a Gallon: Some Possible Solutions via @greentechmedia

It is conceivable that gas could get down to $2 per gallon under and aggressive energy exploration here at home. While electric cars may be a laudable long term goal the fact is we use oil now and for the foreseeable future. Drilling at home in a responsible way could have a quick impact on lowering prices as the markets are very forward looking. Today’s price is not as much based on current demand but the expectation that use will continue to increase demand in the future. All commodities are affected this way, today’s high corn price is mostly a factor of future demand and supply concerns. Yes OPEC does have a significant impact as they often reduce supply to increase price to what the market will bear. N Dakota has added 70,000 jobs due to drilling increases…as long as we are using oil we should use as much as we can here to create jobs and tap this unused wealth or res...

Full article: http://www.greentechmedia.com/articles/read/bachmann-prom...

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