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golfguru

(4,987 posts)

7. That is meaningless fact

Reply to Indi Guy (Reply #6)

Sun Nov 24, 2013, 05:58 PM

Nov 2013

It does not matter of all the oil from Alaska is exported to Japan and China.
What matters is global supple versus global demand.

If it is cheaper to import Mexican oil to south-east USA versus using Alaska oil, then it is better for cheaper gasoline prices to do just that. If there is too much oil in any one of the major oil producing countries, it has the effect of depressing prices worldwide.

That is true of other commdities as well. Supply and demand world wide is what matters.
The commerce today is truly global.

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Highlight:

California Congresswoman Seeks Offshore Fracking Moratorium [View all] Indi Guy Nov 2013 OP

offshore frackers who benefit from lax laws should still be sent to hell. delrem Nov 2013 #1

Awwww, cmon now, lets everybody sing that famous tune ... MindMover Nov 2013 #3

Why? I am loving the cheaper gas prices! golfguru Nov 2013 #2

FYI... Indi Guy Nov 2013 #6

That is meaningless fact golfguru Nov 2013 #7

I met Lois Capps, I think it was yuiyoshida Nov 2013 #4

But the San Andreas Fault isn't THAT close ConcernedCanuk Nov 2013 #5