Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: danielmryan

The $90+ per barrel price for oil is in large part dictated by the OPEC cartel. Domestic oil produced in the US by US companies isn’t subject to OPEC price fixing as price fixing cartels are illegal in the US under anti-trust laws. Would it make more sense to increase the domestic production of oil, give Americans the jobs and tell OPEC to stick their price rather than curtail domestic production and depend more and more on imported oil and OPEC price fixing?


9 posted on 01/06/2011 7:48:04 AM PST by The Great RJ (The Bill of Rights: Another bill members of Congress haven't read.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: The Great RJ
The $90+ per barrel price for oil is in large part dictated by the OPEC cartel

Not as much as you'd think. The majority of our imported oil comes from Mexico, Canada, and Russia. I'll try and find the reference and post it.

21 posted on 01/06/2011 10:57:40 AM PST by backwoods-engineer (The future? Imagine Cass Sunstein's boot stamping on Lincoln's beard, forever.)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson