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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (128133)7/7/2008 11:03:22 PM
From: Kenneth E. Phillipps  Read Replies (4) | Respond to of 173976
 
Our offshore oil reserves are about 2% of the world's oil supply. Since that oil is sold on the world market, if other countries make only a minimal drop in their production or China and India make only a minimal increase in their demand, it will have no effect on the price.