OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?

I don't think drilling will solve anything except put off the need to develop alternative forms of energy and deepen our dependence on foreign oil.OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?
see, i don't think we should! if we drill ,we get more oil, more oil means more burning it, and its not good for the ozone, AND its costing more and more! but, if we try to make some thing that's better for the ozone(like we are trying to right now,) it's going to cost more to make it and the prices of it will be higher then the gas prices so what IS the point of that? we shouldn't drill. if you think differently, that's fine.OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?
I've been asking questions about oil here in Yahoo ans. Add to that ';the price is oil is set by the world market';


So even if we drill for more oil here the price is going to be the same. And think about this, a barrel of oil from alaska costs the same as a barrel of oil from the mideast.
Sorry, you got it all wrong. The price of oil is indeed set by supply and demand. We need to drill more to make supply readily available to drive the price of oil down. It's called Economics 101.
It has been hiking by inflation lately. Time to get the economy running properly.