Lots of good effort is made by US companies to find and extract oil and natural gas. Keep up the good work. But something keeps knawing at me that we’re getting ripped off. Of interest is that various reports say that the United States is exporting much of this oil. In my thinking the oil belongs to the state, of orgin, and also belongs, in part, to the United States as the country, of orgin. Why in the world are we letting this national treasure out of our country when we are suffering from $3.80+ per gallon gasoline and $4/gal LP gas? How can we get the US to stop importing oil and use what we have have?
We export almost no oil. What little we do export is typically to the closest refinery in Canada.
In my thinking the oil belongs to the state, of orgin, and also belongs, in part, to the United States as the country, of orgin.
That sounds like a communist line of thinking to me. Why would private mineral owners, and private production companies not have full ownership of their commodities? Do you think this about any other products? Should the results of your labor be controlled by others just because they want it?
Why in the world are we letting this national treasure out of our country when we are suffering from $3.80+ per gallon gasoline and $4/gal LP gas?
And what do you think is paid around the world? Do you think those that invest in production in the US should be paid less than those that invest in Qatar, Brazil or Canada? What do you think would happen to the US production rates if that was forced upon them by government?
How can we get the US to stop importing oil and use what we have have?
Exporting our expensive, light sweet oil while importing cheap heavy sour oil for use in the refineries that already spent billions upgrading so they could do sounds smart to me.