Posted by LAA on August 09, 2012 at 06:05:57 from (64.134.31.170):
In Reply to: Re: propane posted by jackinok on August 08, 2012 at 11:39:24:
Newsflash --- Oil companies are in business to make a profit, that is how capitalism and the economic model we are supposed to practice in this country works, the reason we drill in foreign countries are many but mainly due to less regulations and favorable tax treatment and percentage of profit splits. The USA has a national petroleum strategic reserve to tide us over in war time and the game changes accordingly to fit the war time situation. Private and public oil companies are not beholding to any government to ""save our oil and use their oil"", that whole premise is absolutely ridiculous. If the business envioronment is right then we will drill for our own resources and overseas, if government is in the way we drill overseas. The desert island, 3 days of water analogy is not worth responding to because it is nonsense.
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