To: Hostage
An easy conservative response to the Saudis that would preserve and encourage job creation in the oil patch would be to ban OPEC imports below a certain break even price at around $35 per barrel. If Saudis try and sell Houston oil traders $34 oil
I dont know if I would call that necissarily conservative...
What about more practical solutions such as lifting the insane expert ban on oil and cutting red tape by making permitting easier and less burdensome. The government regulates do much in the industry the are a lot of places the government can get out of the way and let American hard well and ingenuity figure out how to handle the Saudis.
55 posted on
12/17/2014 11:26:33 AM PST by
rwh
To: rwh
The idea is to stop the Saudis from dumping their oil on our markets at below market prices so that they can help destroy existing and emerging domestic production.
Efficiencies in permitting would result in lowering the break even price of drilling and extracting but I am not sure it would be enough to ward off the Saudis who are intent on a price war.
56 posted on
12/17/2014 11:31:33 AM PST by
Hostage
(ARTICLE V)
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