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Why must our domestic oil price be set by any other dynamic other than a domestic issue?
Posted on 3/18/26 at 2:21 pm
Posted on 3/18/26 at 2:21 pm
We are a net exporter of oil and gas. Obviously, that price must differ. However, why must Americans pay a premium for oil and gas gathered here, refined here, that stays here?
Posted on 3/18/26 at 2:25 pm to Timeoday
Are you suggesting adopting socialist price controls to manipulate the price of commodities created by the free market?
Posted on 3/18/26 at 2:25 pm to Timeoday
the alternative is socialism.
Posted on 3/18/26 at 2:27 pm to SlowFlowPro
You know, you could just answer the question because the OP and others may not know how it all fits instead of being a penis about it.
Posted on 3/18/26 at 2:30 pm to Timeoday
Eh sort of, we import a lot of oil because we cannot process light sweet crude in enough volume to satisfy our use.
Posted on 3/18/26 at 2:31 pm to JiminyCricket
quote:
You know, you could just answer the question
With my question I did.
We can manipulate the free market to do all sorts of stuff via government action. That's socialism though. Why would we want to act like Communists? Why would we ignore the failures of these policies throughout history? Why would we ignore political principle to be communists?
Posted on 3/18/26 at 2:31 pm to Timeoday
quote:
We are a net exporter of oil and gas. Obviously, that price must differ. However, why must Americans pay a premium for oil and gas gathered here, refined here, that stays here?
Because it is a world market and the oil we produce doesn't just stay here. Unless you want to remove the incentive for companies to find and extract oil to control the price, which will result in an immediate halt to all production.
Posted on 3/18/26 at 2:32 pm to Timeoday
Some of our domestically produced oil goes to other countries like Japan while we still import some.
I don’t doubt there is some opportunistic gouging going on, but there is a world market at work. The oil companies are going to sell for the highest price.
I don’t doubt there is some opportunistic gouging going on, but there is a world market at work. The oil companies are going to sell for the highest price.
Posted on 3/18/26 at 2:36 pm to Timeoday
How do you think oil prices are set?
Posted on 3/18/26 at 4:50 pm to WoodCrafter
quote:
Because it is a world market and the oil we produce doesn't just stay here. Unless you want to remove the incentive for companies to find and extract oil to control the price, which will result in an immediate halt to all production.
I understand the dynamics. However, worldwide, medical prescriptions are a market yet so cheap in many countries. Why can't oil and gas in the USA play that same game?
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