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energy independence using this method is sheer fallacy...I still think we should use foreign oil until it runs out and then tap domestic resources.
If we end up doing that, then we'll be in a full-blown war with China or India or some other mess to get it. I'm assuming we're just taking it without paying, right?
Either way, it's an idiotic energy plan.
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What about Europe 15 yrs ago? The eu had just started and gas was selling for about 5euro a Ltr. Or do you think that was just a byproduct of the newly formed union. I am interested in your thoughts on Europe and their fuel price.
Maybe their price was higher because they refined less themselves?
Because 15 years ago is right around the time when North Sea production plateaued... It's been in steep decline ever since.
But yes, they have refining bottlenecks, and insatiable demand growth. Or did.