Increased Energy Exploration: It’s Common Sense

Read Rep. Cantor’s Op/Ed on Energy Exploration in today’s Richmond Times-Dispatch

“Increased energy exploration can change that. Even if it doesn’t yield oil for years, the expectation and promise of a secure future supply will strongly impact the cost of oil today. In fact, the expectation of higher prices — reflected by steeper prices in the futures market for oil — has been a significant factor in pushing up the current cost of oil despite slackening demand from the developed world. Buyers want to make purchases before prices go up.”

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