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re: Guys...what are we going to do about Russia?

Posted on 9/2/14 at 9:30 am to
Posted by bamarep
Member since Nov 2013
51815 posts
Posted on 9/2/14 at 9:30 am to
So the premise that more supply than demand doesn't drive down price? Um...ok.
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35487 posts
Posted on 9/2/14 at 9:50 am to
quote:

So the premise that more supply than demand doesn't drive down price? Um...ok
Do you really think that the US has enough oil to outpace demand on a global scale? What happens when the gas companies and other countries don't go along with the plan to produce more / sell cheaper?
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 9/2/14 at 9:56 am to
quote:

Posted by bamarep So the premise that more supply than demand doesn't drive down price? Um...ok.


There isn't enough to outpace demand. The only way to crater the market is a viable alternative energy source.
Posted by KeyserSoze999
Member since Dec 2009
10608 posts
Posted on 9/2/14 at 10:11 am to
If the new fracking oil boom that is happening in America was coupled with the government getting out of the way, supply would indeed outpace demand in America. But selling that to the ignorant is a different story. And therefore the government will never GTFO
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