To: wolfcreek; USFRIENDINVICTORIA
Sorry but, oil is traded through a Global market at Global prices. It’s the same everywhere thanks to Globalization. Unless we supply 100% of our oil and ban international trade in oil, US oil prices will be determined by global energy markets. Of course if we did only buy domestic oil, our energy prices would have to be much higher than the world prices.
To: Paleo Conservative
Unless we supply 100% of our oil and ban international trade in oil, US oil prices will be determined by global energy markets. Of course if we did only buy domestic oil, our energy prices would have to be much higher than the world prices. That is why I told him to try bigger BOO's.
24 posted on
03/06/2008 1:49:48 PM PST by
org.whodat
(What's the difference between a Democrat and a republican????)
To: Paleo Conservative; wolfcreek
If NAFTA were torn up, the "nationalists" and "environmentalists", who want to shut down the Alberta oil sands might prevail -- with a great deal of support from American "environmentalists", I might add.
Just as the U.S. isn't drilling in ANWAR, or various offshore fields, or developing oil shales; because of "environmental" concerns -- there are several known energy sources that have already been closed to development in Canada for "environmental" reasons.
The international environmental lobby has it's sights set on the Alberta oil sands. NAFTA is important to keep them open -- because, without NAFTA, we could simply shut down the oil sands, and remain self-sufficient for oil and gas. We would do that by completely cutting off exports to the U.S. -- something that Chapter 6 of NAFTA prevents us from doing. Consider that U.S. oil imports from Canada equal those from Saudi Arabia and Iraq combined.
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
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