To: GailA
"Far too much of our supply comes from foreign sources, over which the United States has little or no control. The solution is equally simple: Increase domestic oil production."
Not so fast. We invest in foreign sources because it is CHEAP. A significant amount of "foreign oil" is pumped by private western countries and they travel the globe to find the cheapest resources. If domestic production was economically beneficial it would be done in a heartbeat.
IMO, bring Iraq online and prohibit its reentry to OPEC.
4 posted on
05/16/2004 9:15:13 PM PDT by
endthematrix
(To enter my lane you must use your turn signal!)
To: endthematrix
Not so fast. We invest in foreign sources because it is CHEAP. Right on target.
I would also add that any article about the rising price of gasoline is woefully deficient if it does not focus on the primary culprit in these high prices -- a U.S. dollar that has lost a substantial amount of purchasing power in the last two years.
9 posted on
05/16/2004 9:23:00 PM PDT by
Alberta's Child
("Ego numquam pronunciare mendacium . . . sed ego sum homo indomitus" -- William Wallace (Mel Gibson))
To: endthematrix
If domestic production was economically beneficial it would be done in a heartbeat.If it isn't at $40/bbl, when will it be?
32 posted on
05/17/2004 2:55:30 AM PDT by
Glenn
(The two keys to character: 1) Learn how to keep a secret. 2) ...)
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