RE:Mike SommersMoe, there is a disconnect from reality that is perfectly understandable: the speaker is the hired representative of an organization with a very particular interest. Their mission statement is: "
API’s mission is to promote safety across the industry globally and to influence public policy in support of a strong, viable U.S. oil and natural gas industry." Notice that there is nothing in there about global pricing or best-interests, etc.
Moemoney42 wrote: of the American Pet. Institute just spoke on BNN and I couldn't believe what I was hearing (and he's the president..??) Wow..!! Spouts it should be the market setting the price of oil not state entities... and is not sure the US should cut production aside from natural declines..! That's the whole reason for cuts ya bozo... if you leave it up to the markets the Saudi's and Russia would just pump until the colapsed the NA companies... then threw the boots to us when we were beholden to them for energy.! No wonder we'e where we are with people like that in charge of an industry..! My God..!! Stupid Greedy Americans..!
Moe $$