“I don’t understand why that would affect prices here. We have so much of our own drilling going on that surely we aren’t still importing tons of oil, are we? Maybe I’m just not up on this subject....”
Probably because of the mess world markets have made. In good stable times, it keeps prices low, but in times like these when a nation should be able to keep its resources local, the oil will just flow to the highest bidder, thus prices will jump. Obama is right about one thing, oil is a shackle but nobody has developed a good alternative, unless we want to walk and live in the dark.
Thanks for the information. It helped.