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To: Boomer

Yes, that is the goal. The pint of the article is that if America produces so much oil i doesn’t need to import any, then the glut on the world market will make oil $10 a barrel. Or less.

In a free market oil refineries would not buy American oil for more than it could buy foreign oil. This means that American oil drillers must be able to make a profit at $10 a barrel. Or less. Those workers cannot make good wages if oil is at $10 a barrel.

The only way the world oil price doesn’t go to $10 a barrel is if imports are banned unless American oil goes above $50 a barrel or something. This would amount to federal price supports for the American oil industry at the cost of the consumer.

I personally think that is fine. I can live with $3 gas if it means complete oil independence, even if the rest of the world has cheaper gas and enjoys the glut.


16 posted on 05/28/2016 9:38:17 PM PDT by Kellis91789 (We hope for a bloodless revolution, but revolution is still the goal.)
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To: Kellis91789

I can live with driving the price of oil low so the islamic terror financiers have less money.


25 posted on 05/29/2016 5:23:08 AM PDT by hoosierham (Freedom isn't free)
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