1. Where was the Exxon Valdez going? Japan? Didn’t think so.
2. Where does the pipeline end? Japan? Didn’t think so.
3. Remember that oil is a commodity. That is, it’s pretty much the same, whereever (there are weight issues, but not germaine here) it comes from. Let’s pretend, for a moment, that all the Alaska oil went to Japan. Well, then Japan wouldn’t have to buy oil from elsewhere, such as the Middle East (where we get oil), thereby lowering the price for all.
It’s basic economics, but of course liberals don’t understand economics or they would not be liberals.
I get a little stuck on #3.
Oil, wherever it is pumped from, enters a global market place for bids, and competition.
Unless the US is going to nationalize oil, socialist style, wouldnt any new oil coming online from a US source simply reduce the world price by fractions? For every consuming nation on Earth?
I dont see how that really helps the price situation, or the ‘foreign dependence’ situation, unless, again, we nationalize/socialize.
Am I wrong here? Im wrong a lot.
That one doesn't help much. It ends in Valdez, Alaska where it is loaded on Tankers to be shipped elsewhere. Of course it is going to the closest market with the largest demand, the US West coast.