Posted on 05/18/2016 6:05:22 PM PDT by panhandle67
Some Panhandle producers are announcing a proposal to try to limit oil imports to attempt to boost the American oil industry. So, how much are we importing now and why, if we can produce all we need domestically?
Dr. Daniel Fine, associate director for New Mexico Energy Policy, is helping lead the effort and recently spoke with KXDJs Chris Samples. How much? It is increasing, said Dr. Fine.
(Excerpt) Read more at highplainsobserverperryton.com ...
Even before the drop in the price of oil, we were on balance importing more oil then we were producing by quite a bit. Banning importation would skyrocket the price domestically produced.
This is an expansion of what I said. All of it requires government intervention. That is never good.
Fair enough. For the record, I’m a 75 year old retired petro- chemical engineer and w/a record to prove it. As Cements advised, better to sit in silence and be presumed a schmuck than open one’s mouth and remove all doubt. Good advice.
My first thought is why not a tariff on imported oil? Simple, easy elegant solution.
Who is John Galt?
Limit oil imports! Limit all imports. USG is supposed to be _for_ We The People, USA.
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