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To: Toddsterpatriot
Hey Willie, didn't you say globalism was causing oil production to fall?

DOMESTIC production, dummy.

Despite political promises to make us less dependent on imported energy,
domestic oil production has steadily declined from 9.2 million bbls/day in '73 to 5.4 million bbls/day in '04.
Imported oil, OTOH, has skyrocketed to over 10 million bbls/day, making us dependent on foreign nations for 2/3 of our supply.
(source)

28 posted on 11/30/2004 8:34:34 AM PST by Willie Green
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To: Willie Green
DOMESTIC production, dummy.

Nice try Willie, here's what you said:

"You mean how globalism reduces productive capacity to drive up prices for those commodities?"

Willie Wisdom

How does increasing oil production in a global market equal reduced productive capacity?

You really think we could produce 9.2 million bbls/day in the US now? Or 15.4 million bbls/day?

30 posted on 11/30/2004 9:36:11 AM PST by Toddsterpatriot (Protectionists give me the Willies!!!)
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