"If Saudi Arabia were to increase its production by 1 million barrels per day that translates to a reduction of 20 percent to 25 percent in the world price of crude oil, and crude oil prices could fall by more than $25 dollar per barrel from its current level of $126 per barrel. In turn, that would lower the price of gasoline between 13 percent and 17 percent, or by more than 62 cents off the expected summer regular-grade price - offering much needed relief to struggling families. "
First Chucky, why would Saudi Arabia offer to pump more fuel for less dollars? Once again, "progressives" will die on the hill of global warming theory but seem to believe that the law of supply and demand can be suspended in some way.
Second, what are you going to do to coerce a foreign supplier of oil to kick out more? Do you remember the Arab oil embargo you twit? We were the ones hurting; they weren't?
Third, this is the one thing I find most hypocritical of the democratic oil position. What about Saudi Arabia's environment? Isn't a barren desert as beautiful and pristine as packs of ice in the Arctic? Do these people realize that if we drill for oil in the gulf that the US controls we stand a much better chance of monitoring the effects on the environment than pumping in the middle east into huuuuuuge super tankers going half way across the world to deliver our product?
Witnessing these clown's gyrations to avoid the most common sense solution to this situation is like watching a Twister game at my house; without the oil and whipped cream.
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