Posted on 10/27/2011 4:11:10 PM PDT by mdittmar
Of course he did, doing so created the “Necessity” for more government control.
If the shortage had been real, we would not have CLOSED DOWN working oil wells during that time!
This I know first hand, saw “Sipper” wells idled in several locations.
Bet you didn't.
There's an on/off switch for your fuel feed to your engine and one for your brakes, and your transmission, and your lights. You can control all of it.
What you currently don't have is a device that observes conditions you can't even see and takes action on its own to prevent you from causing an accident. There'll be an on/off switch for it Fur Shur, and when you have an accident and it's in the OFF position, you will need to hire a couple of lawyers.
I'll make sure my accident avoidance system is always in the ON position, and I'll get there far faster than you will!
My insurance company will be happy to defend me in any court.
This has been going on for years ~ a well has a flow rate that either delivers product at a marketable rate or it doesn't. If the cost is above the rate it is shut down. When the cost falls below the price it can be sold for it's opened up.
Oil prices were at record highs for the time.
Some of those wells were in a friends mothers yard in Texas, their flow did not suddenly drop, she was PO’ed as that was here main income.
AFTER the “crises” was over, those wells were turned back on, oil prices were DOWN.
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