Posted on 01/13/2016 6:48:20 AM PST by thackney
If you’ve ever been to NE Penn you would know of what I speak. LOL!
I have been.
5% boost in demand isn’t going to be tremendous.
When you are at the bottom economically, anything is a boon.
When you are in the pit, 10 ft deep, rising up to 9’6” deep really doesn’t change your situation, at least not tremendously.
God Bless.
If you are looking down at others, they do. And fracking is the only thing that has saved NE Penn. Economically speaking.
I’ve never found looking down on others to actually lift me up.
;-)
You realize we do import oil, right? So domestic users can already but from foreign or domestic sources? So there is one market setting one price.
You seem to believe that America should or does live in a price vacuum from the rest of the world. Oil is $30/bbl. Everywhere.
Yes I realize that, I stated as much, we import oil... We need to import oil to meet our demands, because we cannot produce enough to meet our needs. You don’t export a crucial resource unless you have a surplus of it, which we do not.
Exporting oil just guarantees US consumers will pay more for everything that uses petroleum.. because we cannot PRODUCE more to lower the price.. as someone tried to argue. All we have done is guarantee that the domestically produced product will now cost MORE for the consumer... Allowing the export of oil is IDIOTIC on every level for a nation that needs it as a critical resource and cannot produce enough to meet its needs.
You EXPORT things you have surpluses for or do not need, you do not export one of the most crucial products your economy needs when you have no surplus of production and must import large quantities of it just to mee your needs... this is a policy for the “special kind of stupid” . Good for the domestic producers bottom lines, at the cost of the nation and citizenry... this is the kind of policy that gets bought and sold by special interest money in washington, not the best interests of our nation or its citizenry.
Unless they were trying to hold you down.
“”Exporting oil just guarantees US consumers will pay more for everything that uses petroleum.. because we cannot PRODUCE more to lower the price.. as someone tried to argue. All we have done is guarantee that the domestically produced product will now cost MORE for the consumer...””
Domestic oil sells for the same price as imported oil in the US.
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