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Posted on 9/2/14 at 9:50 am to bamarep
quote: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?
So the premise that more supply than demand doesn't drive down price? Um...ok
Posted on 9/2/14 at 9:56 am to bamarep
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 on 9/2/14 at 10:11 am to bamarep
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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