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if the output is the same but America's cut is greater... doesn't that mean it's a net positive for the US? More US gas = more US profit? Seems like a win to me
by wernercd 8y ago
if the output is the same but America's cut is greater... doesn't that mean it's a net positive for the US? More US gas = more US profit? Seems like a win to me...
- simonh 8y agoMore profit for US oil companies, but as a massive consumer of oil and oil derived products it means higher prices than necessary across many large sectors of the economy.
- paulddraper 8y agoYes: good for American oil producers; indifferent for American oil consumers.
- wallacoloo 8y agoEven for American oil consumers, doesn’t fewer imports imply an expectation of greater stability going forward, since the price is more dependent upon just this country’s happenings, and less dependent on the happenings inside other countries? Or can it be argued either way, e.g. that if the production was spread over more countries the prices would be less dependent on any one country in isolation?