Can the USA continue to have a good economy and rely on oil for energy?
robert f asked:
I just saw the special, “We were warned: Out of gas.” If terrorists destroyed oil installations in Saudia Arabia then how would it affect the USA economy? Has the USA taken measures to protect its economy from an oil, supply, disruption?
I just saw the special, “We were warned: Out of gas.” If terrorists destroyed oil installations in Saudia Arabia then how would it affect the USA economy? Has the USA taken measures to protect its economy from an oil, supply, disruption?
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If the Democrats would allow domestic oil production we could be paying about $1 a gallon for gasoline right now…and we would not be at the mercy of people who hate us.
Blame the idiot Democrats (and liberal Republicans). [who]
I don’t think the US will ever have a good economy by spending a trillion dollars a year on a war that can not be won. Right now oil is not the big worry for me. [who]
A smaller supply would raise prices. That’s simple economics. And the US HAS taken steps to protect the supply – there is the strategic petroleum reserve that was just in the news recently. There are other ways to protect the economy, too. Policy and procedural changes, for example. Changing the Federal Reserve’s interest rate is another.
But it would not be to the Saudi’s benefit to have their oil installations attacked, and I’d bet that they are taking steps to protect them. How effective those steps are is anyone’s guess. [who]