Correct me if I'm wrong, but my perception is that Drill, Baby, Drill (DBD) started as a response to $140 a barrel oil.
Now that oil is at $71 a barrel, what happens to DBD? At this price, DBD seems to be overreacting. Obviously, we need to get off oil as the major fuel that we use and we need to get get there ASAP. But, we haven't needed actual offshore drilling to bring the price down this last few weeks. Some will argue that just the mention of DBD has influenced the price, and I'll concede some movement, but a 50% cut in the price? C'mon. The spike in oil prices was driven by speculators and has been going on for a long time. T. Boone was talking $100 oil last year when it was $50 and it moved the price a few dollars.
I am by no means an oil expert, I've just followed the price and have been paying dearly at the pump. I'd like to see a follow up from someone at DKOS or the MSM on DBD and the current price.