Ahh... oil doesn't work that way dood.
Number one, "we" don't drill for oil in Alaska, the OCS, or anywhere else; Big Oil does that, and Big Oil's loyalty is to the bottom line, not to the flag of the US or Holland or the UK or wherever they're based. And to that end they will drill, process and sell wherever it makes the most money. They will also not-drill if it's not deemed profitable at the time, and part of profitability means not putting out too much supply so that the price goes down. There is no relationship between oil drilled here and oil consumed here. None. So unless you want to nationalize the oil companies and buck the whole system of the world oil market, whether the gas in your car comes from Alaska or Nigeria is just the luck of the draw and you can't force oil to be drilled where it doesn't serve the bottom line.
Number two, that pipeline thingy ... all it does is facilitate Canadian crude getting down to Houston for refining. Why Houston? Because it's a port from which refined products can be shipped, to India, China, wherever the market says the profit is. All the pipeline does is help to hand it off and make that profit easier to attain. Good for them, but let's not pretend that pipeline's feeding the Texaco station in Dubuque. It isn't.
Some of the oil would go overseas. Some of the oil wouldn't. The oil we send overseas would help the trade imbalance by bringing in billions of dollars. In an emergency of course we wouldn't be sending oil overseas. In other words, having more oil is better than having less oil.
I'm afraid we would, because "we" don't send oil anywhere. The oil companies do that. Again, do you want to nationalize oil companies? We have no more or less oil because we allow an oil company a cheaper way to do its business. They're simply not related. To pretend they are is to subscribe to the same cheap thought factory that uses guilt by association on a ten-second YouTube clip of Jeremiah Wright. It just ain't that simple.
But I must say it's beyond surreal to be talking how oil works in a Media thread about the racism on Fox News.
Ok, let's take away the word "we" and replace it with "U.S. oil companies".
Now let's talk about how an economy works.
1. More oil means cheaper oil
2. More jobs (refineries, tankers, construction, office work, etc)
3. More tax money
Exactly what is the downside of having a domestic oil supply sufficient to our needs?
Being immune to OPEC is a good thing.
LOL! Talking about oil on a media thread is one of the reasons I enjoy USMB. You never know what topic is going to pop up next.
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