[Hostage]

Simple solution is to mandate preference for domestic producers when price level approaches domestic cash cost. In other words even if OPEC crude is offered in Houston at $25 per bbl, restrict it in favor of domestic crude at $35. The consumer won’t suffer much but OPEC sure will.

And right now OPEC led by Saudi Arabia is looking to drive domestic producers out of business in a price war.

And are such restrictions fair? Considering that most global oil producers do the same, then yes.

[thackney]

Simple solution is to mandate preference for domestic producers when price level approaches domestic cash cost. In other words even if OPEC crude is offered in Houston at $25 per bbl, restrict it in favor of domestic crude at $35.

How would you do that? You want the federal government to tell private industry who they can buy from at what price?

No thanks. No way.

[thackney]

Now will you answer the first question?

How would you do that? You want the federal government to tell private industry who they can buy from at what price?