Why in the world does anyone think that because oil is produced in proximity to America or in America that gas prices would be cheaper? In the early 70s a barrel of oil from overseas or from Texas was priced at about $3. Back then the US imported only about 30% of its oil. Today, domestic and foreign crude is priced the same, but we import about 60%. Why would Exxon drill for oil in Alaska and then sell it to US refiners below market?
Last edited by olivant; 06/04/0808:17 PM.
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