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Any idea how stupid that sounds when considering the price of oil for the previous years?
There has never been a shortage. It's all been manipulations.
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No it isn't, we don't allow monopolistic practices from US companies. Why should we allow foreign state run companies to do it?
Oh please, government come in and save me. You should have put it away when the government was inflating the prices. Sooner or later when in bed with a mad dog, it's going to bite you.
The gummint had best be filling the SPR while the prices are low, every nook and cranny.
Shale production and other US oil production is a reaction to high oil prices. When oil prices go back up, the US will increase oil production again. In the end, OPEC has one product to offer, crude oil. We can take that cheap oil and use it to feed our industry, which does give us a leg up on the single product OPEc folks. We can refine that cheap oil and export the finished product. We have alternatives that open up with cheap oil that OPEC simply doesn't have so eventually, they will have to cut back and try to support the price...and if it goes too high we ramp up our energy sector gain.
I support U.S. companies whenever I can. I reject the argument that they should do things to favor you over others.
If you are going to allow state run foreign companies to drive US companies out of business using monopolistic practices you are NOT supporting US companies. Stable and sustainable cheap energy prices favor everyone in this country.
Representatives of the leading members of the Organisation of Petroleum Exporting countries have been saying for weeks they would not pump less oil no matter how low its price goes. Saudi Arabian Oil Minister Ali Al-Naimi has said even $US20 per barrel wouldn't trigger a change of heart.Why the US is going to lose the oil price war
The best solution for the US is to develop alternatives to oil and develop more and more products that have no use of oil.
If there were cheaper alternatives we would already use them.
If you are going to allow state run foreign companies to drive US companies out of business using monopolistic practices you are NOT supporting US companies. Stable and sustainable cheap energy prices favor everyone in this country.
It's already been noted......U.S. oil companies are not going to go out of business.
It's already been noted......U.S. oil companies are not going to go out of business.
They most certainly will if they can't make a profit, you can't sell something for less that what it cost to make. This will also hinder further investment.
Representatives of the leading members of the Organisation of Petroleum Exporting countries have been saying for weeks they would not pump less oil no matter how low its price goes. Saudi Arabian Oil Minister Ali Al-Naimi has said even $US20 per barrel wouldn't trigger a change of heart.Why the US is going to lose the oil price war
The best solution for the US is to develop alternatives to oil and develop more and more products that have no use of oil.
The leading members of OPEC, Saudi Arabia, Venezuela and others have no economy besides oil, they have done this in the past for short periods but it is unsustainable long term. Agree, the long term solutions is alternative fuels.
There is no loss here. If things go too low for the extraction of oil it will stop. If it stops, supplies will fall. If supplies fall, prices will go up. If prices go up, the extraction will start again.
That is how it is supposed to work.
Yep; supply and demand. The strong will survive just like in mother nature.
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