# drill our own oil petition. **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [June 2, 2008, 8:34pm UTC](https://forums.speedlife.net/t/drill-our-own-oil-petition/197800 "2008-06-02T20:34:01Z")\ **Posts on this page:** 1\ **Showing post:** 32
**Author:** ![thefranchise](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/thefranchise/32/5951_2.png) [@thefranchise](https://forums.speedlife.net/u/thefranchise)\ **Post date:** [June 17, 2008, 4:19pm UTC](https://forums.speedlife.net/t/drill-our-own-oil-petition/197800/32 "2008-06-17T16:19:13Z")
> [@My AMS Evo](https://forums.speedlife.net/t/my-ams-evo/36825/45): > > I know you are so much smarter than that. Yes, very simply, that is how it is working. But the purely speculative idea behind oil and the free trade of it in stock markets around the world is what is really driving the price up. > > If less demand simply meant lower prices, then explain to me why worldwide demand dropped .4% in the 1st quarter this year yet prices went up 15%? > > It’s just not THAT easy right now. it very well IS that easy right now. the US is an oil hog hands down. if we cut back, we pay less. Top World Oil Consumers, 2006 (thousand barrels per day) Rank Country Consumption 1 United States 20,687 2 China 7,201 3 Japan 5,159 4 Russia 2,811 5 Germany 2,665 6 India 2,572 7 Canada 2,264 8 Brazil 2,217 9 Korea, South 2,174 10 Saudi Arabia 2,139 11 Mexico 1,997 12 France 1,961 13 United Kingdom 1,830 14 Italy 1,732 15 Iran 1,686 ANWAR is no magical solution. It will at best input ~5% increase in US production. We can easily save 15% of consumption by building/driving better cars. --- _[View the full topic](https://forums.speedlife.net/t/drill-our-own-oil-petition/197800)._