My suggestion, less government interference in the market. It NEVER helps and always hurts.
And as your for your feeling about my interest, I provide service not only to oil/gas production, but in the major consumers like refineries, petrochemical plants. Anything that grows the market, like lower prices which builds more demand and then more production, refineries and petrochem, benefits me. I don't get paid a percentage of the oil price. But I do get hired for overtime when the market grows.
It would only move the dollar paid to foreign nations.
Why not? Why would we buy foreign gasoline and diesel if we made all we could use right here?
We already produce more than we use. You want to take away those foreign markets from our domestic suppliers. Those foreign buyers will now buy from non US suppliers.
Oil well are not magical machines that produce the same amount forever. It takes constant inflow of investment to keep our production from dropping.
I never suggested they were, but what does that have to do with domestic refining capacity and the retention of finished product?
You are mixing two different topic, production and export of our oil, and the refining. Banning exports of either, reduces investment in this country.
, and you've already pointed out that those parameters no longer apply since there is a so-called "global market"
Those parameters certainly do apply. You don't understand what I wrote.
All that has been accomplished with the higher prices is the depression of the demand side of the equation.
All??? You have not read about the large increase of US oil production???
but there is no corresponding increase in supply (and lower cost) to reward consumers for being more efficient.
It appear you imagine if the US production had not increased, prices would not have greatly risen. If that is your belief, you are mistaken.
You are mixing two different topic, production and export of our oil, and the refining.
No, you are. Those are your words not mine. I never made that comment. And once again...what does production have to do with domestic refining capacity and the retention of finished product?
We already produce more than we use.
I understand that.
You want to take away those foreign markets from our domestic suppliers. Those foreign buyers will now buy from non US suppliers.
Yes, with foreign "global demand" driving up the price for US consumers. Why should we pay the same price and give away our treasure to "foreign buyers"?
Those parameters certainly do apply. You don't understand what I wrote.
I certainly do understand. I once asked you directly why gasoline prices don't follow the lower oil prices as they once did. You replied the gasoline prices were subject to the global demand.
Why should we be OK with that?
All??? You have not read about the large increase of US oil production???
Yes, and that makes it look even more crooked. With depressed demand and increased supply, prices are supposed to go down. Econ 101 is not out the window.
It appear you imagine if the US production had not increased, prices would not have greatly risen. If that is your belief, you are mistaken.
No, I understand fully well that the speculators have no interest in anything but their pocketbooks. Certainly there is no mechanism nor desire in the industry for lowering domestic fuel costs.
We already produce more than we use. You want to take away those foreign markets from our domestic suppliers. Those foreign buyers will now buy from non US suppliers.
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re: Post #45:
Most of our exports are not gasoline, ~10%. We actually import more gasoline than we export. We are a net gasoline importer.
Make up my mind, do we produce more diesel and gasoline than we use or not?