What would happen if the US uncapped thier oil reserves and flooded the market?

Would it drasticaly reduce the price of gas worldwide ?What would happen if the US uncapped thier oil reserves and flooded the market?
the price of gas is heavily dictated by OPEC. i believe a barrel of petroleum would just need around $1 to produce but today it is sold at almost $100! it is a total shock to all people.





however, only those countries that are member of the opec sell oil at the current world price but there are countries who export oil but are not member of such organization and opec has been trying its best to include those countries. they are one of the reasons as to why opec has no 100% control on oil prices.





i believe that oil prices in certain countries are subsidized by the government while some don't levy taxes so the citizens of the country are eased from such burden. however, some countries have heavily taxed oil so their citizens are seeking for ways to decrease the use of oil such as having smaller cars or using alternative fuels [this is true almost in whole of europe]. lastly, i think that the united states belong to the first one for the citizens of the country can still afford to have cars with really big engines [suv's and muscle cars] that can really consume more fuel with just a little mile run but has a terrible extreme brute force.





if the us will use the reserved oils, then many environmentalist will be against it for it will harm the environment and will still not be able to solve the energy problem that not just the us faces but the entire world faces the very same problem. although the prices of oil ';may'; fall, it will still have other negative effects mainly as environmental hazard and the us might be forced to follow the environmental policies set worldwide by many signatory countries. [take note: the us participated during the environmental summits like to kyoto protocol and yet it prefered not to be a signatory country. just take a look at the rest of the us and you will find out, well, with one exception: california].





take note that i said prices may go down because many people may want to earn riches so why not make use of the situation to earn real good profits [well, just do the maths, go to the current world price of petroleum and the production cost per barrel i mentioned above].What would happen if the US uncapped thier oil reserves and flooded the market?
As long as there is a man in the white house who has a connection to the oil buisnes that will never happen. His family makes way to much money with the prices where they are!
perhaps it could effect the prices of fuels? the streets would flood in pools of filthy black oils drowning person after person until all the united states was submerged in greasy oils, perhaps its a good idea.. not so much for the general public but maybe they should flood the whitehouse and pentagon with them?
What reserves are those? The Strategic Reserve? Thats only enough oil to supply the US for 2-3 months.
reduce the price in the short run.


then when we're fresh out of reserves, prices skyrocket like never before seen.
We'd get free gasoline and can travel out of state often.
Sorry to burst your bubble, but the US does not have enough oil to really do this in the long term. Initially, prices may drop, but oil has a shelf life and you need the resources to refine and store the product.





Once those reserves are gone, you will again depend on overseas resources, and I would think that OPEC countries would then decide on punitive actions to punish the US would be reasonable, or they might embargo the US because of irresponsible behaviour.





US fuel prices are the lowest in the developed world, and you all need to get used to the idea that the world is demanding that you pay your share. China will not sit idly by and will continue to command more resources for an economy that can afford to pay it's bills. The US economy lives on borrowings, and is not a good credit risk.





I add that if America keeps all these reserves for itself, it is unlikely to affect global prices.
';Simple'; They would run out , in no time , proving that ,There struggles on foreign shores , are driven , by the pursuit of oil.
yep...you have no idea how much oil we have..