I think I am missing what you are trying to convey.
IF we go energy indepedent, we set our own prices
we set our own prices there is your false assumption. The producers will not spend money in this country to sell at below market rates.
It would take subsidies or price control along with nationalizing the industry to accomplish what you suggest. Not a road I want us to follow.
Venezuala is apaprently 12Cents per gallon in us dollars, nigeria, egypt etc are all below 1 dolalr gallon- their labor is dirt cheap but our labor is very expensive-
Their price is only that cheap because the government subsidies the cost.
You said oil prices are the same everywhere- thsi isnt true for oil independent areas liek venezuala and others
Yes it is, unless the government forces it different.
Try changing oil for gold and see how your situation would work.
[[we set our own prices there is your false assumption. The producers will not spend money in this country to sell at below market rates.]]
that is precisely my point- IF we go indepedent, we will NEVER sell oil below what it costs (which is why I was not sure how michelle backman coudl make that claim)