Which is the point that all the "domestic oil" advocates totally miss - these are multi-national companies and it's a world market. It doesn't matter if we can punp all the crude we need from under US soil - it'll wind up on the global market, and the price is determined by the global market. "US oil" is a thing of the past.
On Thu, Nov 17, 2011 at 10:30 PM, Rich Thomas < richthomas79td...@constructivity.net> wrote: > There was an excellent article in the WSJ today about a pipeline between > OK and TX coast, and that its flow is being reversed to take oil to the > coast from OK where there is a large supply at a lower cost than world > average. This announcement has driven up crude prices. The article also > mentions that 15% of US-refined gasoline is being exported, and diesel too, > to take advantage of higher prices. This oil will be refined on the coast > and exported. US imports have been declining with increased domestic > production. This stuff is distressing. > > > --R > > > > -- > OK Don 2001 ML320 1992 300D 2.5T 1990 300D 2.5T 1997 Plymouth Grand Voyager _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
