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Posted by George in MIchigan [174.124.211.136] on Friday, May 18, 2012 at 11:00:06 :
In Reply to: Re: OT... North Dakota ranks 2nd in US Oil production??? posted by Ron in Indiana [50.121.41.251] on Friday, May 18, 2012 at 08:01:08 :
The fact that the world price for oil is high, means that no one is going to sell it here for less. There is no way Gringrich could have delivered on his promise to make gas available at $2.50/gal
And this is also one of the problems with the Canadian oil pipleline to TX....most of this oil was destined to be sold for the highest world price...its impact on US prices would be minimal. US consumers would not have benefited, but the big multi-national oil companies would have.