Quote:
Originally Posted by aceventura3
I say 50% of the price of oil is currently due to US policy and regulations. DC and Baraka think my number is unrealistic, but don't give their estimate, they simply attack mine in a manner that lacks clarity.
|
ace...IMO, its irresponsible to speculate that 50% of the price of oil is due to US policies/regs without providing some type of data to support that claim. I didnt attack your claim...I asked you to back it up with factual information.
I try not to draw conclusions without knowing the facts. I did the best I could by providing DOE data on the component cost of a gallon of gas in the US..and offering my opinion on which of those components may or may not be impacted to some degree (relatively small IMO) by regulations if one is willing to accept increased possibility of environmental degradation as a result of de-regulated oil drilling, refinement or transport.
Your OP was focused on energy policy/regulations and a specific piece of legislation.
If you want to expand the premise to include US tax policy, monetary/fiscal policies, trade policies, tangentially related regulations, etc....I might come closer to agreement with your 50% speculation....but would still lean to thinking that the greatest percentage impact on the price of oil in a global market/economy is beyond US polices/regulations