signals
Veteran
OK, found the post you were referring to. Still does not make sense. What oil are we going to export? We consume 18 MBD. We only produce 9 MBD. Are you saying that we can drill enough to double our production of oil? Actually if we are going to export oil would need to more than double our production.
I'd love to see some support for this idea. I have not read anything that indicates we have the capability to do this.
Then there is the issue that so long as oil is explored and extracted by companies independent of the Fed that the oil will be sold at market value. The oil companies are not going to sell it at a loss and they are not going to produce enough oil to saturate the market to drop the price of oil to the point where they cannot make a profit.
So how does this work in your perfect world and how will this translate to the world we live in?
Look up!