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To: Chickensoup

Even if we went without, the rest of the world wouldn’t; their needs would still affect energy prices in the US - that’s what it means to say oil is fungible. If we lower US demand, then yes, the price goes down. But using our own doesn’t change the global price; it just helps our balance of payments.


40 posted on 03/20/2011 4:14:50 PM PDT by I Shall Endure
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To: I Shall Endure

As a global economist I’m not sure you are going to get a real paying job....deep thinking....how about this....if we throw a 10 million barrels a day into the market....reckon that would make a difference...?? HELLO


43 posted on 03/20/2011 4:20:05 PM PDT by RVN Airplane Driver ("To be born into freedom is an accident; to die in freedom is an obligation..)
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