Generally, I am opposed to this idea too.
HOWEVER,
“We actually produce more than we consume here, produce more diesel in this country than we consume,”
According to Murkowski, this is the case. IF, we FORCE more diesel into OUR markets by increasing supply the price will go down. Isn’t that just basic economic theory?
What am I missing?
Or does this just reduce the profits that oil refiners are currently making. Which is not what the corporations behind the Senator want.
Here in NH almost all our diesel/gasoline comes from either James Irving’s refinery in New Brunswick or the ones in Newark, NJ. I could be wrong, but I do not think there are vessels of diesel/heating oil coming all the way uip here from the Gulf of America.
Tell states like NY and California to stop charging taxes on gas until the world market changes.