Quote:
Originally Posted by Texas Flames Fan
Ok, if you think that production will stay the same or magically increase with 75% less drilling for 18 months then sure. Guess we will have to wait to see if I'm right. I know where Im putting my money 
I agree Obama does not phone in the Rigs, but heres a question, if USA is a net importer and somehow had too much oil how does that happen? If I have too much of something I import than thats my fault right? The Obama administration was responsible for importing oil from Opec correct? Just asking some 4th grade questions here. |
Refiners import oil from OPEC, the government has nothing to do with it. They purchase specific grades at the best price that align with the mix required in their facility.
The strategic petroleum reserve has had a steady level of inventory for years.
Obama has nothing to do with oil imports from OPEC. This whole conversation betrays the fact you know little about a free market economy, and that the oil trade is a global system. You seem to crave a command (communist) economy where the US internalizes all the inputs and outputs in its economy.