Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SJackson
Am I the only one who thinks, for our own security, we should undertake a major drilling program here in the US. And for export.

My take: Yes and no. The more we could supply ourselves, the better--but it's also a global market. Sucking out US resources to inefficiently send them far away is a long term loser. Moreover, the price of oil is determined by global supply--being a marginal supplier isn't going to change that. So, I think we should develop lots of produceible resources, but not drain them in a hurry.

82 posted on 04/19/2014 2:43:50 PM PDT by Pearls Before Swine
[ Post Reply | Private Reply | To 72 | View Replies ]


To: Pearls Before Swine

Also a reasonable position which I’d be glad to embrace. One of the downsides of not producing to reasonable capacity, we seem to agree that producing to fulfill our own needs is quite possible, is that the technology to assess our resources doesn’t develop. And eliminating our need for imports over a decade or two, would likely drive down prices significantly.


84 posted on 04/19/2014 3:14:36 PM PDT by SJackson (the Democrats take back control, we donÂ’t make (this) kind of naked power grab, J Biden)
[ Post Reply | Private Reply | To 82 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson