Why is US oil not first used in the US and the 'extra' sold on the world market?
#33 | Posted by justagirl_idaho
Becuase we have a free market economy. Oil gets sold to the highest bidder, so if another country is willing to pay more for it, it will get sold to them, driving the price up locally.
The US is now a net exporter of oil. Though I am not sure we have the cross country infrastructure to actually transport all of the oil we have from the places it is produced to the places where it is needed.
The way to actually reduce the price in the way you are suggesting is to restrict or ban exports. You force an increase of supply in the US, driving down prices.
But, if you do allow the 'extra' to be sold on the world market, how do you choose? Which oil companies get screwed over selling on the local market with depressed prices, and how do you choose which ones are the 'winners' which get to reap the high profits the non-fascist/non-goverment controlled prices on the international market?
I guess the other thing he could do would be to put a high export tariff on oil. That should also force more oil supply to stay local, as well fixing the problem of picking winners and losers. The only winner would be the US government.
Maybe we are running out?
#4 | POSTED BY BAT4255
Unpossible!
Trumpy says we can fight this war (that is not a war) forever!
Very soon we will come to believe we have always been at war with Iran.
The past is alterable. So soon we will believe we have always been at war (which is NOT A WAR!) with WestAsia.
"The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia."
George Orwell, 1984