[Owl558]

“Any comments?”

Questions:

What is the price of gas in saudi arabia? According to this arguement, it should be the same as in the US.

Why then does every president go begging for saudi arabia to pump more oil every time prices rise?

[marron]

What is the price of gas in saudi arabia? According to this arguement, it should be the same as in the US.

Not if the price is set by government dictat. Which it is.

You can get away with that if you have a tiny domestic market and a large internation market, and a king.

Why then does every president go begging for saudi arabia to pump more oil every time prices rise?

Ticks me off. Instead of aggressively producing our own sources of oil and gas, they go hat in hand to the Saudis. Because thats easier than finding the political will to make the dramatic production increases we need to make.

[boop]

Glad you brought this up. I can't remember what oil rich country it was, but the price of gas was (no joke) 12 cents per gallon. Venezuela? Maybe Oman? It was a couple of years ago and I was struck by how at that price it probably wouldn't be "worth" owning a gas station.

This article is retarded. More oil will by definition make prices drop. Environmentalists can stick it.