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Open Discussion Discuss Americans Pay Big Time For Trump's Aggressive Foreign Trade Policy at the General Forum; Originally Posted by jimbo Increasing crude prices worldwide will make pipelines like Keystone and increased production of our own resources ...

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Old 05-04-2019, 11:29 AM
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Default Re: Americans Pay Big Time For Trump's Aggressive Foreign Trade Policy

Quote:
Originally Posted by jimbo View Post
Increasing crude prices worldwide will make pipelines like Keystone and increased production of our own resources much more cost effective. Decreased dependence on foreign oil will in turn cause crude prices to fall.

It's a win win.
When you rely on increased prices being paid at the pump for gasoline to fund increased production you're screwing the American people so that billionaires can make more money.

No, crude prices will not fall because the US uss more domestic oil. The price of oil is not a result of the cost of production in the United States. The price of oil is based upon the international markets. If the international price is more then the oil is simply sold on the international market at a profit for the oil dealers and then sold back to the United States so the oil dealers can profit again from that exchange as well. The oil doesn't even have to leave the country for this profiteering to occur. If memory serves me correctly the oil can't actually leave the country under the law but the profits can be taken for the sale to the international market and then the sale of the same oil back to the United States.
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Old 05-04-2019, 01:33 PM
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Default Re: Americans Pay Big Time For Trump's Aggressive Foreign Trade Policy

The price of gasoline has been steadily declining around here--whether it is due to any policy of President Trump, I really do not know; I would prefer to keep my distance from post hoc ergo propter hoc thinking--but I certainly cannot blame him for any (supposed) "increase" in the price of gasoline around here.

In any case, I have long maintained that we should be 100 percent self-sufficient when it comes to oil. Whether we are talking about Iran, Venezuela, Saudi Arabia, or any other country: We should simply say, "Thanks, but no thanks"; and refuse to purchase even one barrel per year from any other country, whether friend or foe.
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