SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 427.64-3.9%Feb 2 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GROUND ZERO™ who wrote (108690)12/4/2014 3:25:43 PM
From: Maurice Winn  Read Replies (1) of 219968
 
There's a defect in that idea. < just imagine if the U.S. did it's own real oil drilling and refining... OPEC and all the other terrorist supporting countries would have no more money to support and spread terrorism around the world... first clue...> If the USA produced sufficient for all its own needs, then the terrorist countries would simply sell their oil to the other 95% of people on Earth. The USA consumption of oil from the 'terrorist' countries is relatively small.

Another defect is that it's all about the money. If oil inside USA costs 3 times as much as it does from Saudi Arabia, then the local yokels in the USA will be unhappy having to pay 3 times the price for their gasoline. $12 a gallon would make them grumpy.

It's better to buy from the bad guys and control the terrorists. Stopping buying cheap oil won't stop terrorists and it will supply cheaper oil to 'strategic competitors' such as China who also happen to be building big military services while Americans would be impoverished by $12 a gallon gasoline.

One needs to be careful of unintended consequences and think through what would actually happen.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News