$20, but of course states that rely on oil would fall apart.If the US runs only on domestic oil, what will be the price per barrel?
Well, given our president owns it all, that means he can charge whatever he wants. If he keeps his family in office then we can certainly work on removing foreign oil from the equation, as well as not fostering alternative fuels too quickly, and then we can, because we will not be accepting any oil from the rest of the world, can claim the value is much greater.
Oil is priced on projected value, not actual value. This means that if things look like there will be difficulties in supplying in, say, 10 years, G W Bush can raise prices today. Let's say that the rest of the world holds roughly 66% of the oil. This means we would then be working with a third of the fuel we previously were. This means that 1) Fuel for US consumption is 300% as valuable, 2) We will run out 3 times faster, meaning it's in danger of running dry a lot faster, which will in turn 3) Make the POTENTIAL supply of gas much more difficult, and so today's prices will again skyrocket, TODAY, for tomorrow.
In short, if the US runs on ONLY domestic oil, the average citizen will not afford to drive to work AND feed his family.
The Bush administration is going to drain this country dry like Vlad (Dracula) would drain a random villager. They are parasites and they are the epitome of greed.
It is a bad idea through and through.
The US doesn't own enough or pump enough oil to be able to rely only on local supply!
I think the US is currently using about 3 million barrels per day and they produce only 1 million per day.
Dont quote me though as I m not sure about the exact amounts
its not really possible to predict... much of out oil if foreign already though i think....
only a few dollars!!!
Probably 200 plus, and at the pump it would be 7 or 8 per gallon.
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