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Like every other fact stated here, none of this affects what I said.
Oil is a world market. It doesn't matter where we get our particular oil from.
Here's the deal. Iran is developing an atomic bomb. Bad news for us. If we didn't import oil, we could tell Iran "Cut it out or we'll hurt you." They'd cut it out. But now, if we do (or if we hurt them), Iran could stop selling oil. They're a big part of world oil supply. The price of a barrel would go to over $100. We'd be badly hurt economically. So we don't tell Iran that, and they develop an atomic bomb.
Depending on imported oil is bad for us, period. Doesn't matter who we buy from. It's a world market and people we don't buy from still have power over us. And the price of a barrel of oil is headed up, no matter what, because of worldwide demand.
We need alternative energy sources and we need to conserve energy. Bad times are ahead if we don't get ready.
Sure, I'll give you some of that. BUT, this is still pointless. We arn't importing oil from Iran, so nothing of what you said means anything. If we DID import from Iran, then you would be 100% correct.
We arn't importing oil from Iran, so nothing of what you said means anything. If we DID import from Iran, then you would be 100% correct.
It doesn't matter whether we import from Iran or not. Here's why.
If Iran stops exporting oil to other countries, they go to our suppliers to buy oil. Our suppliers are pumping pretty much all they can, so they don't (can't) increase production. The other countries need oil as badly as we do. So the suppliers sell to the highest bidder. The price of the oil we buy from other places goes way up (it would be well over $100/barrel), and our economy is badly affected.
I Our suppliers are pumping pretty much all they can, so they don't (can't) increase production.
:bs:
OPEC is not even close to 100% pumping capacity. The set their production bases on world consumption to keep demand in line with supply. They can produce more.
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