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US on fast track to energy indipendence?
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<p><span style="font-family:verdana,geneva;font-size:small;">I have no problem with the world market. But a lot of what drives the idea of self-suffiency is the belief that the price is too high because somebody else controls the supply. And so, if we could make our own supply, we could lower the price to what is fair. This, of course, is nonsense. The oil sells to the highest bidder in the world market.</span></p> <p><span style="font-family:verdana,geneva;font-size:small;">So if we created our only U.S. dedicated supply at a fair price, it would have to be isolated for its own exclusive market. This would require passing laws that prohibit U.S. oil companies from selling to the non-U.S. consumers at a higher price. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">The one thing that adding domestic supply will do is lower the price on the world market, but that does not seem to be the focus of the U.S. engery independence movement.</span></p>
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