Originally posted by: tom
At the present price level the US cannot produce oil at a profit
If the oil producers go out of business unemployment goes up. That is not good.
If US production goes down, intl supply goes down. Less supply will cause prices to go up. The beneficiaries will not be the US (bad)
Lookie, Tom is calling for more socialism. He thinks we can't afford universal healthcare but the government bailing out big oil, the airlines, Boeing, hotels, golf courses, the cruise industry, farmers, banks and just about any type of private business you can think of is a must. Tom, Vladimir Lenin is blushing in his tomb at the grandiosity of your vision for America.