And you know this, how exactly? Link to it so I can evaluate it, please.No stupid! They already know there's oil on that land. God you're dumb.
Only if it makes sense to drill there.We've "GIVEN" the oil companies enough land. They're sitting on thousands of acres. Drill those sites first and MAYBE we will give you more later.
Oil is a global commodity. It has a global price.And are they passing on any of that money on to American consumers or just selling it for the max on the open market? I think you know the answer to that.
Because, as I said before, oil is a global commodity with a global price. Us producing more than we use just means no one else can hold the threat of cutting it off over our heads like OPEC did in the 70's.Remember Iraqi's used to pay 30 cents a gallon? If we are energy independent, how come we aren't paying $1 a gallon now?
That's about $2.60/gallon.As of May 2024, gas prices in Iraq are:
- Premium petrol (95 octane): 850 Iraqi dinars ($0.65) per liter
Because we haven't nationalized the oil industry. Like I said, energy independence just means no one can force us to do anything by threatening to cut off the oil.
- Super petrol (98 octane): 1,250 Iraqi dinars per liter
- Regular petrol (low octane): 450 Iraqi dinars per liter
34 cents a gallon they pay? If we are energy independent why don't we pay less now?