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<blockquote data-quote="bbsam" data-source="post: 947364" data-attributes="member: 22662"><p>I'm a little slow on this. Why do people think getting an extra X barrels of day of oil is going to do anything but make oil companies richer? If we are close to being a net oil exporter, doesn't that tell you something? It says that if we import 13% of our oil from the middle east, every bit of that 13% (plus a smidge more) is already being produced here and exported to other countries. That is what "net exporter" means, isn't it? If so, increased domestic oil supply in the market as it stands will do next to nothing at the pump and be a (nother) cash cow for the oil industry.</p></blockquote><p></p>
[QUOTE="bbsam, post: 947364, member: 22662"] I'm a little slow on this. Why do people think getting an extra X barrels of day of oil is going to do anything but make oil companies richer? If we are close to being a net oil exporter, doesn't that tell you something? It says that if we import 13% of our oil from the middle east, every bit of that 13% (plus a smidge more) is already being produced here and exported to other countries. That is what "net exporter" means, isn't it? If so, increased domestic oil supply in the market as it stands will do next to nothing at the pump and be a (nother) cash cow for the oil industry. [/QUOTE]
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