I wonder if reduced domestic drilling doesn’t also play an increased role in the price of gasoline regardless of the price per barrel of oil?
What I mean is if it is being imported, do you have tarrifs on the oil and also smaller margins for the domestic oil/gas companies because they didn’t drill that oil, so the price per gallon of gas has to be higher.
I know as a coffee service that does it’s own roasting, I can charge less than if I had to buy the roasted coffee from somewhere else. Just saying that with Obama’s war on domestic oil production, comparing our current oil prices to the ones a year or two ago is like comparing apples to oranges.
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I wonder if reduced domestic drilling doesn’t also play an increased role in the price of gasoline regardless of the price per barrel of oil?
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Not really, what does howeverp lay a significant role is the FACT that the left in congress have repeatedly refused to allow more oil refinery plants, and have steadfastly refused to allow cheap alternatives like coal and natural gas drilling which, if allowed, would reduce our dependence on oil, and drop prices of gasoline eventually if there was more competition in domestic energy. We do infact have enough natural domestic oil reserves to become energy independent from foreign oil, however, from what I understand, because of congress’ refusal to allow more refinaries, we’re at peak oil refinary production already, and can’t handle more oil coing in, which means that because con gress is forcing us to produce less refined oil because we don’t have the faciklities to refine it, keeps prices artifically high. This is the basic reason why the Saudis are able to manipulate world oil prices, because they control howm uch oil is sent out, and how much our country can refine- Congress, in cahoots with the saudis, have made sure supply doesn’t meet demand- and congress has made sure of htis by refusign to allow enough refinaries to handle more oil