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Politics : Politics for Pros- moderated
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To: Ichy Smith who wrote (203879)4/23/2007 6:42:52 PM
From: LindyBill  Read Replies (1) of 793824
 
The US can also require US Automakers to get on the ball and give them 3 years to come up with smaller fuel friendly.

I read a quote the other day that said:

"Canada is the Socialist version of the USA." :>)

As you know, we get the bulk of our outside oil from Canada. Our entire Arab input is less than 17%. But the problem is, the damn stuff is fungible. It's like any stock. If the price goes up on a share in China, it goes up the same amount here. We can't "tier" the price.

The Saudis are the only ones with good excess capacity. So the extra few millon barrels a day they can sell or hold back determines the world price. They can crack the price to $30, or hold back and run it to $100. They don't, because like any businessman, they want to maximize their profits. And screwing around with your pricing is not the way to do it.
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