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.
Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: chartseer who wrote (85716)6/11/2010 11:44:47 AM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 224748
 
Show me the evidence of a price increase. Otherwise, shut up!



To: chartseer who wrote (85716)6/11/2010 2:23:54 PM
From: chartseer  Read Replies (1) | Respond to of 224748
 
oh bummer! How about common sense? If we shut down about 1.5 million barrels a day production from our about 20 million barrels a day use then we would need to import about 1.5 million more barrels a day. Thus we would increase the demand for foreign oil by 1.5 million more barrels a day. Demand goes up 1.5 million barrels it usually drives up the cost. of course our friends the saudis could always increase their production 1.5 million more barrels a day at the same price to help us out. Whether the saudis would do that or not I don't know.

Don't worry! Be Happy!

the stupid hopeless comrade chartseer in the new era of even more dependence on foreign oil