Scarce? Who've you been listening to, the Saudis?<quoted text>It doesn't,but drilling for more oil gets us deeper into debt and dependency to foreign oil---using up your own scarcer oil resources first puts you faster at the mercy of other states with greater oil reserves. Best practices would be to save your own scarce oil (leave it in the ground) and develop more plentiful reserves of energy alternatives that you have more readily at hand and the inexpensive ,simple technology to develop it from the sun, wind, and earth.
Wind, solar and battery power are, at this point, novel possibilities. We can't depend on 'alternatives' that haven't been perfected. Oil utilization has been perfected. The infrastructure is in place, the cost, in comparison, is low. What, exactly, would we "save" our petroleum resources for?
If lower prices and a North Dakota-like economic boom aren't enough, the political implications with the Arab world should be enough to go balls out with "drill, baby, drill."