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Originally Posted by ULYCYC  True to a point, we have no real control over closed market (OPEC) oil. But if we drill and supply our own oil, the jobs, taxes and new infrastructure will be our own. Studies say our drilled oil will have to cost $65 a barrel for the companies to break even. So selling between $75 -$90 a barrel will undercut OPEC and force them to lower prices. But even if we charge the same as OPEC, ALL the monies stay in this country.  |
So if we drill here and for example only- get ample supply, wouldnt whomever controls that new oil just have to undercut OPEC by a tad to steal all the customers... OPEC would charge $140 a barrel and the new oil, they would charge $90 a barrel, , they'd charge $135, just enough to undercut OPEC