Jurginvoncelle
Member
If all oil goes onto the world market and the world market sets the price, then how can the us drill our own limited supply and guarantee a cheaper price?
By law, Energy Information Association's products are prepared independently of policy considerations. EIA neither formulatens nor advocates any policy conclusions. The Department of Energy Organization Act allows EIA's processes and products to be independent from review by Executive Branch officials; specifically, Section 205(d) says:
"The Administrator shall not be required to obtain the approval of any other officer or employee of the Department in connection with the collection or analysis of any information; nor shall the Administrator be required, prior to publication, to obtain the approval of any other officer or employee of the United States with respect to the substance of any statistical or forecasting technical reports which he has prepared in accordance with law."
So how much oil per capita do we have to produce to get cheap oil?
Can't tell can we?
Certainly we can't compete with the "oil producing nations."
How much should we drill so we can keep it for ourselves or is that illegal as I have heard?
Can we our oil or does it go onto the world resource market, so it doesn't mater where we got it from?
By law, Energy Information Association's products are prepared independently of policy considerations. EIA neither formulatens nor advocates any policy conclusions. The Department of Energy Organization Act allows EIA's processes and products to be independent from review by Executive Branch officials; specifically, Section 205(d) says:
"The Administrator shall not be required to obtain the approval of any other officer or employee of the Department in connection with the collection or analysis of any information; nor shall the Administrator be required, prior to publication, to obtain the approval of any other officer or employee of the United States with respect to the substance of any statistical or forecasting technical reports which he has prepared in accordance with law."
So how much oil per capita do we have to produce to get cheap oil?
Can't tell can we?
Certainly we can't compete with the "oil producing nations."
How much should we drill so we can keep it for ourselves or is that illegal as I have heard?
Can we our oil or does it go onto the world resource market, so it doesn't mater where we got it from?