Oil hit $92.21 today

Yes. The Texas coast if where the oil refineries are, which are the facilities that have the equipment to transfer the oil from the pipeline to the ships to send it overseas. Texas has those deep-water ports because Texas ships a lot of oil. On ships. Across the ocean. To China. And India. But mostly China. On big boats.

Well duh but all of that is irrelevant to the fact that the US used to drill and keep our own oil.
 
Well duh but all of that is irrelevant to the fact that the US used to drill and keep our own oil.
We still do. Post #35, 3rd paragraph.
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On a serious note, 4 bucks is just the tax on cheap whisky
Some people buy houses and can't afford the mortgage payments. It looks like you are in a state that you can't afford to live in. Move to Indiana or Kansas.
 
No, but oil is a global commodity and when they cut production, world reserves and supplies go down, raising prices everywhere.

Correct and US petroleum is more expensive than OPEC... always has been.

Likewise, increased production from Iran adds to market supply.

Why are you cursing the Saudis? They told us 5 years ago they could no longer be our swing producer.
 
Canada has this nasty tar sand oil in Western Canada, but they don't have a way to get it to market. There are no good options to the west, in Vancouver, unless they spent billions to build a deep water port, and the facilities to process the oil.

And no way were they going to pipe it to the east, to the Atlantic, because unlike Americans, Canada doesn't want to despoil their land, and running a pipeline across their major cities and that mountainous terrain is begging for a spill.

So just get the greedy Americans to take the risk - they'll do anything to their land for a quick buck.

The Chinese own most of Canada's tarsands.
 
Okay now I know you're full of it. If the oil was going to China why would he want us to stop drilling? He's in bed with the Chinese government.

Moron, he thwarted the Chinese. They are the only ones to benefit from keystone XL. There's no benefit to US consumers or taxpayers.
 
Correct and US petroleum is more expensive than OPEC... always has been.

Likewise, increased production from Iran adds to market supply.

Why are you cursing the Saudis? They told us 5 years ago they could no longer be our swing producer.
Because they are going to cut production drastically to raise gas prices to $6.00 if they have to right before the election in order to get Trump, or another Republican in office. They have already showed us many times that they are not our allies.
 
Because they are going to cut production drastically to raise gas prices to $6.00 if they have to right before the election in order to get Trump, or another Republican in office. They have already showed us many times that they are not our allies.

The Saudis think Trump is crazy.
 
Some people buy houses and can't afford the mortgage payments. It looks like you are in a state that you can't afford to live in. Move to Indiana or Kansas.
Some people are too stupid to admit that inflation is caused by government spending.

Some people are complete idiots that can't admit, because of their foolish political beliefs that the process of food nationwide is hurting families.

Some people are simple dicks
 

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