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To: TimPatriot
"Lowering gas prices by developing more domestic production and refinery helps all Americans."

I've not seen anything that would support your premise that developing more domestic crude oil production would lower gas prices at the pump.

Do you think a barrel of crude pumped out of the ground in Texas will be sold on the futures market for less than the currently trading spot price??? That is foolish to believe. A barrel of oil that comes out of Texas will cost just as much as that same barrel if it came from Canada, Mexico or Venezuela, assuming it's the same grade. The U.S. company that produced it will still sell it to the highest bidder at the highest contract price that it can get, it's called capitalism. Unless of course you plan on nationalizing the all of the domestic oil producing companies and mandating that oil cannot be sold for more than $20 a barrel.

Just a wee bit communist to me there comrade. You also assume that the Exxon's and Chevron's are motivated to make their products as cheap as possible. That would be like DeBeer's flooding the world diamond market. They don't, they control production and distribution and only let enough diamonds on the market to keep their profits up.

66 posted on 04/06/2008 2:09:58 PM PDT by rednesss (Fred Thompson - 2008)
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To: rednesss
I've not seen anything that would support your premise that developing more domestic crude oil production would lower gas prices at the pump.

Oh, well there we have it. No use developing any new crude production worldwide then. Why bother, it's not like there's any increased worldwide and/or North American demand for any increased energy source. In fact, we should just listen to what Jimmy Carter told us and turn our thermostats down and start wearing a sweater. Lets blow up those dams on the Columbia, Snake, Klamath, and Santiam rivers too. We don't need electricity either. Once Oregon becomes the Oregon National Park we won't need houses either, because god knows there's hardly any logging anymore.

Willie Green is that you?
67 posted on 04/06/2008 2:18:18 PM PDT by Tailback
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To: rednesss
Do you think a barrel of crude pumped out of the ground in Texas will be sold on the futures market for less than the currently trading spot price???... Unless of course you plan on nationalizing the all of the domestic oil producing companies and mandating that oil cannot be sold for more than $20 a barrel....Just a wee bit communist to me there comrade. You also assume that the Exxon's and Chevron's are motivated to make their products as cheap as possible

Of coursse I do not think that a barrel of oil drilled anywhere today will be cheaper. I believe the price has been rising rapidly due to increase in demand and speculation on the instability of regions of the world which might plunge into war causing interruptions to the the flow. Do you believe that Exxon and Chevron do not want to develop more drilling in parts of the United States if it is economically in their best interest? Your assumption that I think we should nationalize oil production is just a wee bit presumptious and condenscending, comrade. This country and the world's energy needs are only going to increase. To not be prepared to meet those demands due to political obstacles put in the way of companies who want to develop the resource is inviting cripplingly high prices for energy. I think if politcal obstacles were removed in even a few cases, such as developing ANWAR oil, the step in that direction may lower some component of the price that is due to speculation on future supply and demand. Do you think that is not possible? It would take time to develop more drilling and/or refinery capacity, or to develop other sources of energy or technologies. I'm suggesting that prices not be fixed, but political pressure that was effective in lowering the obstacles to development would move prices downward naturally if energy producing companies moved to do so once the obstacles were removed, of course if it is in their own interest.
74 posted on 04/06/2008 2:39:02 PM PDT by TimPatriot
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