Hans Blaster
Rocket surgeon
- Mar 11, 2017
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So neither closing down pipelines, nor jacking up the cost for drilling, nor releasing Federal oil reserves, will have any effect on gas prices?
Where did you study economics? I'd like to review your study materials.
Pipelines between Canada and not-USA -- so what?
Don't remember anything about higher costs for drilling. i do recall some auctions for new drilling leases being canceled. It takes a long time to develop those new resources. So, no impact there (at least not yet).
Releasing the oil reserve? A drop in the bucket. Minimal impact.
Do political actions by Congress and the President have long term impacts, sure, just like the do for the overall economy.
If you want to find the politician that is most affecting the price of oil look to a fellow named "MBS". He apparently doesn't like being called out for human rights abuses and has throttled oil production.
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