Quote:
Originally Posted by georoc01
And its hypocritical for us as a country to exploit the rest of the world for 70% of our oil needs yet not be willing to use our own. There is certainly a greed component to OPEC, but also a fear that the US goal is to exploit everyone else's natural resources while hoarding our own supplies.
|
I'm cool with that.
As to what effect this might have? Maybe soften the futures market and lower the price.