re: Fossil fuel use to zero

quote:

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if government got out of the way and let us utilize our own resources, it would go a long way to reducing foreign dependency…and you don’t have to force companies to sell on certain places to do it.

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What if we could never produce oil as cheaply as the Arabians? Should we ignore the market pressure to utilize cheaper foreign supply and just stick with domestic supply even though it's more expensive?

I just don't think a lot of people ITT are thinking in terms of the GLOBAL market for oil. Our refineries buy supply from wherever it makes the most economic sense. They don't try to limit themselves to only using domestic supply. But now people ITT are proposing that we only use domestic supply. Why ignore the international market where stock could be acquired more cheaply?