Are you saying that there are not 562 more rigs in the US today than there were a year ago?
Or are you saying that the only reason it is more expensive to drill in the US is due to taxes and regulations?
And what economic model are you using to determine that without regulation, the price of a barrel of oil would drop to $28.00 a barrel?
I’ll take them one at a time....
“Are you saying that there are not 562 more rigs in the US today than there were a year ago?”
>>NO
“Or are you saying that the only reason it is more expensive to drill in the US is due to taxes and regulations?”
>>YES
“And what economic model are you using to determine that without regulation, the price of a barrel of oil would drop to $28.00 a barrel?”
>>Supply and demand and a strong dollar!! Also taking what the US government gives in supplements to the middle east for their oil and give it to our US oil producers.
Ready for your phase 2 questions in the morning, time for bed.
MARRY CHIRSTMAS one and ALL!!