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>not nearly enough to set the market price No one in this thread has claimed that the US is trying to set the market price of oil. Can you cite any author besi
by hollerith 8y ago
>not nearly enough to set the market price
No one in this thread has claimed that the US is trying to set the market price of oil. Can you cite any author besides yourself who claims that the US foreign policy at any point in the last 15 years has been driven by a desire to keep oil cheap?
What grandparent probably meant was that for the first time in decades the US is on the verge of being able to produce all the oil it needs: today the combination of the US and Canada can produce all the oil the combination needs, and US production is increasing rapidly with the result that in a year or 2 US production by itself will suffice to meet all of the US's consumption needs.
- scott_s 8y agoThe point is that being self-reliant on oil does not insulate you from the geopolitics of oil. Even if the US is self-reliant regarding oil, it still has national interest in what goes on in other oil-producing countries.