[Revi]

Here's a very interesting article that was posted on ZH this morning. It turns out that we are pricing oil by the Brent crude prices now, not WTI. Any oil we can export won't bring prices down, as we'll sell it into the world market and the market is strong. Drill, baby drill won't work to get us cheaper gas after all.

http://www.zerohedge.com/contributed/20 ... rices-high

[Fishman]

Drilling may or may not drop prices at present, an economic collapse in Europe certainly will bring prices down, temporarily.

[Arthur75]

Yet another article that mixes up oil (what goes into a refinery) and petroleum products (what comes out), at least in the title.
For info you are very far from exporting oil, still buying 8 million b/d or something on the market, so perfectly normal that these are indexed on Brent and not WTI.
US peak occured in 1971, and will stay that way.