Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
IMHO you're right. Tho what the US needs to do is slap a tax on oil to keep it at 50 dollars a barrel on any that's imported. In other words; if a barrel's going for 30, then tax it 20. If oil goes OVER 50 dollars, then the tax goes off. THAT would kill OPEC real quick.
So set off a war on oil at even greater levels? One has to remember what even a 15% reduction in oil did during the embargo. We actually should have allowed crude export long ago to make market work even better. The market should decide as always. First congressional hearings on refineries when it has been known that no new refinery is cost effective just expansion which has been done. Then hearings on oil prices being manipulated. Now some proposing government manipulated the price.
IMHO you're right. Tho what the US needs to do is slap a tax on oil to keep it at 50 dollars a barrel on any that's imported. In other words; if a barrel's going for 30, then tax it 20. If oil goes OVER 50 dollars, then the tax goes off. THAT would kill OPEC real quick.
Lol...And you're willing to pay more at the pump to maintain that tariff?
The age of Arab oil will only end when the age of oil ends.
The last I looked (and my info may well be outdated) the Saudi lake is now below 50& which means that under current circumstances, they can look forward to declining production.
OTOH, what would fracking do for their reserves?
Sometimes things are not so simple as they appear.
Last edited by chuckmann; 01-05-2015 at 02:09 AM..
The alternative is allowing them to put US producers out of business and drive the prices back up much more once that has been accomplished.
What's the quid pro quo for the American consumer?
Do you want economic patriotism as a goal for any other product? You willing to tariff that BMW or cheap Chinese made train set...or furniture made in Taiwan'
What's the quid pro quo for the American consumer?
Do you want economic patriotism as a goal for any other product? You willing to tariff that BMW or cheap Chinese made train set...or furniture made in Taiwan'
When a nation(s) is dumping products on the market with the end goal of monopolizing the market that is when the government needs to step in. Long term the cost of oil is not going down no matter what happens. The only way you are going to break the back of OPEC and insure reasonable energy prices long term is to insure US producers are not pushed out of business with monopolistic practices.
You can pay a little now or pay a lot more later.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
