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To: Da Bilge Troll
Otherwise, if our wells are pumping at 100% anyway

I am talking about not putting restriction towards drilling additional wells and reducing our imports.

If oil companies can sell their oil produced in another country for a higher dollar amount in a foriegn nation, than they can in the US, that is were they will invest there money.

And the end result is more imports into the US and less jobs in the US with the export ban.

13 posted on 03/11/2015 8:30:14 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
"I am talking about not putting restriction towards drilling additional wells and reducing our imports."

I am arguing in the weeds here, I realize, since I agree that the ban is (and always was) a dumb idea, but I just don't see the effects occurring that you expect. A commodity price is set by the open market - even if a particular barrel is in a restricted market. That's why the ban is so dumb in the first place.

15 posted on 03/12/2015 7:14:46 AM PDT by Da Bilge Troll (Defeatism is not a winning strategy!)
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