To: MeshugeMikey
I don't get it. The US gets less oil from Iraq today than we did prior to the fall of Saddam. They supply about 4% of what we buy.
They seem like a minor influence in our demand.
9 posted on
06/14/2014 7:42:48 AM PDT by
Baynative
(How much longer will the media be able to prop up this administration?)
To: Baynative
as I understand it the oil prices are set without regard to point of origin or.....delivery
the less in the “pipeline” ....the more expensive the oil..”globally”
13 posted on
06/14/2014 7:47:41 AM PDT by
MeshugeMikey
( "Never, never, never give up". Winston Churchill)
To: Baynative
The “expert” is speaking of a worldwide increase, but I’m not convinced it would have a great affect in the US.
25 posted on
06/14/2014 8:09:34 AM PDT by
cbvanb
To: Baynative
it is the worldwide demand that creates the problem with supply...
To: Baynative
They (Iraq) seem like a minor influence in our demandIt's a global market. US producers will sell their resources to the highest bidder.
33 posted on
06/14/2014 8:45:26 AM PDT by
grania
To: Baynative
The price of oil is set on a world market.
43 posted on
06/14/2014 1:31:27 PM PDT by
Kozak
("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson