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The Water Cooler
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Oil Price Per BBL
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<blockquote data-quote="Nraman" data-source="post: 2691516" data-attributes="member: 10001"><p>Imagine what the oil prices would be like if Iraq was not out of the oil business all these years, no Iranian sanctions and last but not least if the Feds were not acting like OPEC members preventing production in Alaska and offshore and allowing oil companies to sit on leases instead of drilling.</p><p>It would be bad news for the oil companies, good news for the US economy.</p><p>The oil business is not unlike the diamond and the farm business. Controlling availability controls prices.</p><p>Everything was nice and cool until the frackers started fracking on land not controlled by the Feds and destabilized the tightly controlled market.</p><p>They tried to stop them using several excuses, they succeeded in NY State failed most of the time and we enjoyed low NG and oil prices.</p><p>If the government allowed US companies (kept the foreign and multinational corporations out) to drill everywhere, the economy would not be in the sorry shape it is today.</p><p>Newt claimed that if elected President, he would allow unrestricted drilling that would fix the economy. Assuming that the oil lobbies would allow him to do so.</p></blockquote><p></p>
[QUOTE="Nraman, post: 2691516, member: 10001"] Imagine what the oil prices would be like if Iraq was not out of the oil business all these years, no Iranian sanctions and last but not least if the Feds were not acting like OPEC members preventing production in Alaska and offshore and allowing oil companies to sit on leases instead of drilling. It would be bad news for the oil companies, good news for the US economy. The oil business is not unlike the diamond and the farm business. Controlling availability controls prices. Everything was nice and cool until the frackers started fracking on land not controlled by the Feds and destabilized the tightly controlled market. They tried to stop them using several excuses, they succeeded in NY State failed most of the time and we enjoyed low NG and oil prices. If the government allowed US companies (kept the foreign and multinational corporations out) to drill everywhere, the economy would not be in the sorry shape it is today. Newt claimed that if elected President, he would allow unrestricted drilling that would fix the economy. Assuming that the oil lobbies would allow him to do so. [/QUOTE]
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