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I was listening to NPR the other day........

Discussion in 'Political Issues' started by hogship, Oct 28, 2012.

  1. hogship

    hogship It's MY Island

    The local public radio has music and programming that I find interesting, but their political commentary usually leaves me angry and disgusted......(Just thought I'd better put that disclaimer in there!)

    Anyway, there was a Canadian being interviewed concerning fossil fuels. He stated that Canada was energy independent, but this doesn't effect the price of gas. He said the price of gas in Canada is determined by the world market. The liberal point here is if America extracted all it's own fossil fuels, the gas price here would be, it isn't going to help, if we were to become energy independent.........

    I'm not someone who knows much about the technical details of these things.......but, there seems to be one glaring discrepancy in this argument:

    If America extracted it's own oil, that would eliminate one big source of revenue for the "world market"......specifically the Middle East. It seems to me, that if America were to become energy independent, the price of gas would be less here, and in Canada, and everywhere else in the world.

    On a side note, we could probably add to the oil available on the world market, further reducing the price of oil, as well as reducing Middle East influence.......and, if Congress acts to tap into that added revenue, it could be applied to the National Debt, as well. (I am one who believe all natural resources belong to the people of this country, first!)

    Any comments?

  2. Need refineries as well as wells. Iran is struggling even though it has wells because it has few or no refineries and the boycotts are withholding gasoline. As far as drilling in the States or not, we bring more crude on line other producers cut back and price stays about the same.

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  3. hogship

    hogship It's MY Island

    Wouldn't the price of our oil be independent of the world market price? That's related to the Canadian's statement about their price being determined by the world market. This doesn't make sense to me that the world market would influence local prices, since it wouldn't be a link in that chain.

  4. Ruble Noon

    Ruble Noon "Cracker"

    Feb 18, 2009
    QE1, QE2, QEinfinity. Oil is traded in US dollars. We are debasing our dollar and it takes more dollars to buy a barrel of oil.
  5. JBnTX

    JBnTX Bible Thumper

    Aug 28, 2008
    Fort Worth Texas
    You are taking advice from a Canadian on NPR?
    Well OK, at least you're not getting it from Nancy Pelosi on CNN.
  6. TheJ

    TheJ NRA Life Member Lifetime Member

    Jan 24, 2011
  7. Providence


    Feb 5, 2011
    Woodstock, GA
    I think energy independence is a national security issue. It removes a large threat to our energy supply and our economy.

    Plus, it would act as a stabilizing force for the world oil market. The more oil we take out of the ground, the less Middle East oil the world needs
  8. happyguy

    happyguy Man, I'm Pretty

    How about, you can drill on American soil and you can sell at a profit, but American oil stays in America?

    Happyguy :)
  9. aircarver

    aircarver Ride Continues Silver Member

    Shipping costs would pretty much take care of that.

  10. nursetim


    Mar 1, 2006
    liberalville N. M.
    I would think that if we were independent oil wise. The demand on the world market, sheer volume, would obviously decrease, so the oil exporter would have to increase prices to make up for the loss of income that they have grown to expect and rely upon.

    Our prices should go down as we would have the same transport costs, I would think anyhow.
  11. janice6

    janice6 Silver Member

    Apr 4, 2006
    I don't believe oil price or independence, are at issue. Price will always be the "world price".

    The only real issue is availability. If we have our own oil supply (does not mean some can be sold on world market), we are relatively immune from oil blackmail and the withholding of petroleum from the USA, because of our countries world politics.

    We can maintain some degree of isolation from coercion by other petroleum producing countries, while we conduct world business with our interests in mind.
  12. Guss


    Jul 1, 2010
    We are never free of the global market price unless there is some kind of "socialistic" law in place. Otherwise, we would have to pump enough oil to satisfy world demand to bring prices down.

    So in Venezuela you can get cheap gas, but that's because Chavez keeps the local price low.
  13. Providence


    Feb 5, 2011
    Woodstock, GA
    What he said!
  14. hogship

    hogship It's MY Island

    :upeyes: Now, now, JB......

    Listening to a Canadian speaking on a notoriously biased NPR program, has nothing to do with taking advice, or agreement.