What are the advantages to drilling for oil domestically?

I assume that less reliance on foreign countries and a boost to the economy are a couple advantages but what are some other?What are the advantages to drilling for oil domestically?
You must not be aware of the oil we are alreay reserving. Drilling off shore would take about 3 or 4 years to construct the wells and then it would take 13 to 15 years for this oil to lessen the price of gasoline. By that time we could develope another energy source. Developing that will install back to our country a lot of jobs that were lost. So will building the energy efficient autos. It's a win-win situation.What are the advantages to drilling for oil domestically?
There are no significant advantages to drilling for oil domestically. It is more expensive to drill here because the most profitable fields have been exploited and pumping the oil at a later point would provide greater profits (because of the Hubbert peak oil curve). It would deplete the domestic supply further.





The US went through its peak production in the early 1970s. Since then, production of oil has declined. It will not help much in meeting the huge demand in the US in the near term.





The real solution to energy problems is to conserve, build more efficient vehicles, more efficient machines, and find new renewable sources of energy such as wind power and hydroelectric. Nuclear is not cost effective given the toxic contamination risks. Mining uranium is also dangerous and expensive.





Domestic solar water heating is practical for the US. It would save about 30% of the energy consumption of an average householde and is a relatively low investment.
As long as the Commodities Futures Modernization Act goes unchanged nothing anyone does will matter. You can drill your little hearts out and completely destroy the environment, but nothing will change as long as speculators are allowed to run amok.





Simply adding the words ';and energy'; to the Commodities Futures Modernization Act would bring gas prices down overnight.





80% of all known oil off the continental shelf of the United States have already been granted permits to drill, but those that would do the drilling are sitting on those permits. Ask yourself why.
There are some advantages, but prices will still remain high.





Domestic oil is good because we're less dependent on other nations for a steady supply. HOWEVER, oil is still in demand globally. Therefore, prices will still be high. If there is great demand for something, it will have a higher price. Since there is strong demand in China and India, prices will continue to be high. They will go down a little, but only because there is more oil on the market.





For the United States, it is in our best interest that China has access to oil. We manufacture TONS of stuff in China because it is much cheaper to produce there than here (low labor costs). If all of the products we purchased were made in the United States, many of them would be too expensive to afford, and people would have to do without a lot of things. Our standard of living would go down.
I'll start with the obvious:





We're sitting on BILLIONS of gallons of oil and we're running around like baboons screaming, ';Oh Sh!t, what do we do now?';





If our country goes to hell, we'll have no one to blame but ourselves and the stupid environmentalists, (emphasis on mental).





Other countries, that drill off of their OWN shores, are laughing at us right now.
We have enough to last forever if the abiotic oil theory is true.


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It's the length of time to access it from ground to car that is NOT good news. I'll be decomposing by the time we get it to cars and industry.
the deficit should dramatically drop.
It takes 10 years to get up and running so time is an answer.