Originally Posted by Figment
Sure, potential Iran conflict potentially blocking the straight of Hormuz or war in the oil region of the world has nothing to do with oil price instability either.
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This is absolutely correct.
Here's my oil plan for the US. Sorry Fig you're SOL
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Every barrel of oil pumped from US owned property should be pumped out of the ground at a set price. Say $75 a barrel or what have you until we have enough for domestic consumption. Then whatever we have left can go on the open market.
Thoughts?