OT Re: THE "NEW" BUSH OIL PLAN

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OT Re: THE "NEW" BUSH OIL PLAN
Carey Akin 11 March 2005 01:51:16
	"43fan" <sleap@pennswoods.net> wrote in message news:mP-dnatehI7fIa3fRVn-jw@hereintown.net...> I hate to get into a stupid debate like this, especially when it was cross> posted to the Nascar group, where it doesn't belong, but....> What I don't understand about anyone arguing this point, especially about> oil prices, is... it doesn't matter how much US oil we use. Oil prices> will remain the same as what OPEC sets them.> Think about it... What oil company, in their right mind, would sell oil a lower price than they can get on the open market? They're not going to it.> So, unless the US Gov't is going to go into the oil business, drilling for> it, pumping it, refining it, and then selling it to US companies/residents> only, then using our "own" oil won't mean a thing to prices. In fact, even> if the gov't did get in the business, it still probably wouldn't help> because they'd mess it up so bad that it'd end up costing them more to do than it does to buy overseas.> And my only response to the off topic, cross posted thread is that what most folks don't realize is that US oil companies do not produce enough crude to meet the US demand for refined products. What this means is that they have to purchase oil on the open market and pay the high prices, too. The only way to lower prices from a domestic standpoint is to produce more, but environmental regulations hamper quite a bit of the exploration. Carey in Manvel
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OT Re: THE "NEW" BUSH OIL PLAN

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