RV Fuel Issues & Prices - Post 'Em Here!
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Forum Discussion
Fezziwig wrote:
Oil is a FUNGIBLE commodity, in fact.
The marginal utility of pumping a barrel of oil from OCS or ANWR is that we get 1/3 barrel. We have to export 2/3 of a barrel to get 1/3 of a barrel. Does that seem like a good deal for the USA to you?
If only 1/3 of the pumped oil applies leverage to the US oil market to lower prices is that a good deal?
Only the oil company gets richer, and they are 60% owned by foreigners.
HUH?:h
