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Owner59 -> RE: Bachmann promises $2/gal Gas (8/19/2011 8:26:22 PM)
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It`s really a bunch of nonsense from people who`ve no clue how it works.
We don`t and can never make enough of our own oil to meet our own needs.The few more drops we can add to the mix won`t affect the price at all.We would have to pour Saudi Arabia amounts of oil into the market to lower demand enough to lower the pump-price.
And on top of that,all the oil we make,all the oil the Canadians produce,Mexico,Brazil,the middle east,all the oil anyone makes, all goes into a world market and fetches what the market price is per barrel,whatever that price is.
If we start producing more oil,it`s going to go into that same world market.It`s not going to be used exclusively here,as some sort of cheaper source and easy out of our oil problems.It doesn`t work that way.Plus,that American produced oil is going to cost roughly what the world market price for a barrel anyway and won`t do jack shit to lower the price at the pump.
shrub was right that we have an oil addiction.
The solution isn`t more and more.It`s to control your addiction and try to lessen it.
My gut feeling is the cons are going to promise cheap gas,oodles of new jobs,good weather,zero tax rates for millionairs and an actual resuraction of Ronald Reagen.
But the common denominator with all the cons,will be zero explanation as to how they will do all that good stuff.
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