Post by
Rockit2 on Oct 07, 2022 7:50pm
$ ;
It should have read price caps . I don't know y it cut it out .
Comment by
shmenkari on Oct 07, 2022 8:55pm
The problem with price controls is when you are an importer of oil or gas you have to pay the world price. The US is an importer of oil and will still have to pay world price for that and if they instiute controls no oil company will try to get more oil on line, like in the 1970's it will bring on less production making things worse.
Comment by
windymayor1 on Oct 08, 2022 11:45am
I understand what u r trying to say and this goes for oil "have nots" but the US receives most of their oil imports from Canada and Mexico and of course being the US have negotiated pricing at discounts to WTI. So can dictate accordingly. Canada needs to export its oil and the US tells us what they will pay!
Comment by
Buyreallow on Oct 08, 2022 1:08pm
And the very reason Canada needs more pipelines to either the east or west coasts. So we can sell oil and gas at world prices.