Repeat after me. Oil is an international commodity sold on the world market to the highest bidder. This is what a free market does. This is capitalism.
Saudi Arabia, Venezuela and Russia have state owned oil companies and can control the flow of oil whenever they want. The US and most of the West have private oil companies. They make business decisions based on profit. It is profitable to restrict production – supply and demand. If anyone wants to nationalize the American oil business, well then you can claim the President has control of American oil and it’s production.
The Keystone Pipeline you are apparently referring to would have transported CANADIAN oil to Texan refineries and then OVER SEAS. Not to your gas tank.
You people do not understand economic, the oil business or facts.
Repeat after me. Oil is an international commodity sold on the world market to the highest bidder. This is what a free market does. This is capitalism.
Saudi Arabia, Venezuela and Russia have state owned oil companies and can control the flow of oil whenever they want. The US and most of the West have private oil companies. They make business decisions based on profit. It is profitable to restrict production – supply and demand. If anyone wants to nationalize the American oil business, well then you can claim the President has control of American oil and it’s production.
The Keystone Pipeline you are apparently referring to would have transported CANADIAN oil to Texan refineries and then OVER SEAS. Not to your gas tank.
You people do not understand economic, the oil business or facts.