Quote:
|
Originally Posted by aceventura3
O.k., I really need some help with this. Pelosi and many Democrats are resolutely against increasing domestic oil drilling or increasing supply, they are against high oil prices, they think speculators and oil companies are the primary reason oil prices are as high as they are. Yet, she thinks releasing a small amount of oil from our strategic oil reserves will lower prices. Can some one make sense of this?
http://thehill.com/leading-the-news/...008-07-08.html |
ace, how is a comparatively small amount of oil, not possible coming on the market until the year 2017, and not owned by the public, i.e. it will be sold, when it becomes available....at wolrd market price.....supposed to be relevant to today's situation. I already have posted that three BP Gulf of Mexico projects, complete with a pipeline to transport the oil and gas they add to the market, right to nearby south Louisiana refineries....a combined increase in US domestic production, of close to 7 percent by THE END OF THIS YEAR....has had no dampening affect on price, or on market psychology.
Can you explain, considering my points, how your points, and concerns, are relevant to any solution to high oil prices? Isn't ridiculously disproportionate US domestic consumption, vs, per capita consumption in the rest of the industrialized and post industrailized world, the area to seek reasonably rapid mitigation to high prices, from?