[stylin19a]

What I don't understand is: how do we buy oil from opec? Isn't it the oil companies that buy from opec ?

Even if we drill everything (and we should) how does that stop the oil companies from buying from opec ?

aren't we really dependent on the oil companies ?

sorry if the question sounds goofy, but I just don't know enough about it.

[C. Edmund Wright]

Even if we drill everything (and we should) how does that stop the oil companies from buying from opec ? aren't we really dependent on the oil companies ?

I could answer this, but first, I want to see where you are headed with this. Is there a point?

[Marguerite]

“What I don’t understand is: how do we buy oil from opec? Isn’t it the oil companies that buy from opec ?
Even if we drill everything (and we should) how does that stop the oil companies from buying from opec ?”

The oil companies are happy to buy oil on the world market, because they can sell it in America at the highest price, with maximum profit for themselves.

But if the country oil production would dramatically increase and the oil at the pump will be cheaper than the one imported, free market rules will make the companies to buy and sell ONLY American-produced energy.

[bondserv]

What I don't understand is: how do we buy oil from opec? Isn't it the oil companies that buy from opec ?

Even if we drill everything (and we should) how does that stop the oil companies from buying from opec ?

aren't we really dependent on the oil companies ?

Competition and reliable/independent sources are critical to purchasers maintaining stability in a given market.