lots of cars for sale here lately

[JustPassinThru]

Originally Posted by nookandcrannycar

Would it be different if we had had a different POTUS for the last 5 years and 7 months?

To answer that, look at history.

Why is gas high? Because crude oil is high. Because the sources of almost all the pumped crude are controlled by the OPEC cartel.

We went through this in the late 1970s, as OPEC was coming together. And then a President promised, and meant, to relax regulation and encourage American exploration and drilling.

Oil dropped to SEVEN DOLLARS a barrel. Because the price isn't reflective of extraction cost - it's a monopoly. We finance their jihads and their playboy lifestyles.

Were we to get serious, the world price - the only meaningful price, since oil is fungible and is a worldwide commodity - the world price would again fall with increased supply and a broken monopoly cartel.

[nookandcrannycar]

Originally Posted by JustPassinThru

To answer that, look at history.

Why is gas high? Because crude oil is high. Because the sources of almost all the pumped crude are controlled by the OPEC cartel.

We went through this in the late 1970s, as OPEC was coming together. And then a President promised, and meant, to relax regulation and encourage American exploration and drilling.

Oil dropped to SEVEN DOLLARS a barrel. Because the price isn't reflective of extraction cost - it's a monopoly. We finance their jihads and their playboy lifestyles.

Were we to get serious, the world price - the only meaningful price, since oil is fungible and is a worldwide commodity - the world price would again fall with increased supply and a broken monopoly cartel.

......but would that balance of power that OPEC enjoys change if Obama had an opposite attitude toward both drilling on federal lands and pipeline construction than 'the hand he has already shown'..