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<blockquote data-quote="klein" data-source="post: 944462" data-attributes="member: 23950"><p>Well, if Oil falls below $70 a barrel, the Alberta Oil Sands come to a frozen halt, too. It needs $70/barrel to be profitable.</p><p>Newt and Bachmann don't understand that. They still believe a $2.50 a gallon of gas is possible.</p><p></p><p>I suppose if the USA can drill enough oil to make up for 50% of it's oil imports, and the growing economies such as China, India, Brazil don't continue using more oil, then it just might be possible.</p><p></p><p>Basically, the USA would have to become ( replacing Canada), the second largest worlds oil producer and exporter for $2.50/gallon to become reality.</p></blockquote><p></p>
[QUOTE="klein, post: 944462, member: 23950"] Well, if Oil falls below $70 a barrel, the Alberta Oil Sands come to a frozen halt, too. It needs $70/barrel to be profitable. Newt and Bachmann don't understand that. They still believe a $2.50 a gallon of gas is possible. I suppose if the USA can drill enough oil to make up for 50% of it's oil imports, and the growing economies such as China, India, Brazil don't continue using more oil, then it just might be possible. Basically, the USA would have to become ( replacing Canada), the second largest worlds oil producer and exporter for $2.50/gallon to become reality. [/QUOTE]
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