Wrong.
While most area have a variety of oils from their different fields, The major Saudi types are both higher in sulfur (sour) and heavier than WTI, LLS.
Posted on 01/25/2016 9:07:12 PM PST by Rabin
So what would happen if a modern-day president took the Eisenhower model and, ceased crude imports. The price shock to the energy markets could take domestic crude to $140 before it broke the back of our World Crude Oil Cartel.
(Excerpt) Read more at rigzone.com ...
Which would translate to probably $4-6/gal of gasoline. Too high.
No apologies needed but i cannot fathom your point. We also import from Mexico and Canada. This isn’t about the middle east. Its about a commodity.
Thanks Mom!
And, couple it with Operation Raghead!
Ping.
More government regulations on private industry - BAD
Less government regulations on private industry - GOOD
Stop trying to use the government to pick the winners and losers.
Trying to make our refined products and petrochemicals the most expensive in the world is simply insane.
Banning imports is a lot worse than a $5/barrel import tariff which I bruited about a year ago . . .
Wrong.
While most area have a variety of oils from their different fields, The major Saudi types are both higher in sulfur (sour) and heavier than WTI, LLS.
If tariffs are good for American business, then apply them equally to all goods. Don’t use the government to pick winners and losers in private industry.
We were already there. Gasoline here was about $4. I work(ed) in the oil industry, so I could afford it. Now, not so much at half that.
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