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Originally Posted by RAIDER56
you nailed it.But is it indeed in the oil companies best interest not to increase supply.Unfortunately many of the stockholders are everyday people who are undecided about whats best for them or best for the country.
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Well, the House of Saud, those damn wacko tree hugging environmentalists, just want to protect the environment so they won't let US oil companies take the oil for $5 a barrel.
And the Iranians, those damn wacko tree huggers, just want to protect the environment so they won't let US oil companies take the oil for $5 a barrel.
And those Iraqi environmentalist just want to protect the environment so they won't let US oil companies take the oil for $5 a barrel.
In fact, all those around the Persian Gulf with more than half the world's oil, are just damn environmentalist who want to conserve their oil so the can sell it years down the road for $100 or $200 or $300 a barrel instead of letting US oil companies get it for $5 or even $10 a barrel.
If you are going to blame anyone, blame the tree hugging Arab environmentalists that have imposed a carbon tax of more than $100 a barrel.