Quote:
Originally Posted by dd74
Question: if we halted all import of oil, what would that do to the global market? What would it do to our own market?
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Great question, I never thought of that, but you are correct.
1st, thing that we would need to do build more refineries,
2nd, open up the fields in the US, and start drilling, this includes Penn.
3rd, place a high tariff on oil from the US, to discourage exporting it to China.
With our SUVs and the amount of driving we Americans do, there is no reason that we can't drill, refine & sell our own oil at much less than we are importing.
4th, bring back price wars!!!