Here is an eye opener !

S

someotherdude

Guest
People keep saying all we need to do is produce more oil here. But forgive my ignorance, but since this is a free market system. There wouldn't be any reason to believe that the producers would sell the oil to us for less than they would to India and China. In other words I think the price would stay inflated, since those two countries demand for Oil is outpacing production. So even though the U.S.s oil use has decreased by more than a million Barrels a day this year alone. Those two countries will eat it up at whatever the cost. Bush has already had to borrow money from China, and we keep buying there cheap products as we also move jobs to India. It's all just a big gang bang and were on the bottom. :icon_scratch:
 

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Old Dog

Old Dog

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May 22, 2007
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someotherdude

I'll bet you anything you want to bet ...
The jobs are coming back because of the gas and fuel prices.

Big manufacturers can't afford the shipping costs any more.
Freight rates from china have tripled since 2006.
And people are getting tired of pressing 1 to speak English.

Thom
 

thompy

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Feb 19, 2005
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i highly dought we need to drill more now, what about all the oil wells that have been drilled and are just sitting that are capped off for future use
 

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Old Dog

Old Dog

Gold Member
May 22, 2007
5,860
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Western Colorado
They should be usedm I agree.
but if you want to really put a limitation on the deal pass a law thar states the oil and products cannot be exported.

That is usually what happens when they open up these wells.
They send the produce out of the country where it commands an even hgher price.

Thom
 

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