[onona]

How about we sell what we need HERE cheap, then ship the rest and let the other countries figure out how to drill and refine on THEIR own dime?

There you go, getting all common sense on us all again. .

[nascarnation]

Would you be in favor of forcing a farmer in Iowa to sell corn in the US for $3 a bushel that he could sell on the world market for $5?

[Oliviaforever]

Do you realize that you are advocating the exact policy implemented by Hugo Chavez?

[TLI]

There you go, getting all common sense on us all again.

Actually with todays technology the situation is even more suspect.

Take a look at the profits by Exxon in the "slump" of late 2008 - early 2009.

Thirty five BILLION.

And the price of oil was in the mid 40s to mid 50s.

http://www.oil-price.net/en/articles/How-Exxon-paid-zero-tazes-in-2009.php

If we are the leading producing company on the planet can we not set the "international" price?

Whatever is "lost" by the producing companies in domestic pricing can be added to the "international" price.

That would provide motivation for other countries to drill and frack.

.