Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: IMR 4350

On the west coast, the prices were further driven low by a ban on the exports. When it was finally lifted, less than 5% of the Alaskan oil was exported for a few years before it stopped.

The ability to export actually helps stabilize the market including investments for future production. I wish those fighting the LNG exports could understand that.


44 posted on 05/31/2013 7:31:55 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 43 | View Replies ]


To: thackney

The recession Bush inherited from Clinton was an orchestrated recession created by driving the price of oil so low the oil companies stopped spending, the oil producing countries were running out of money, royalty checks to property owners dried up, it was a complete domino effect. It wasn’t just this county, it was a worldwide recession.

Consumers in this country without a rat’s ass of sense thought low prices were great, not having the slightest clue how much the oil industry contributed to the worldwide economy.


46 posted on 05/31/2013 7:53:09 AM PDT by IMR 4350
[ Post Reply | Private Reply | To 44 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson