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by XorNot
425 days ago
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US oil and gas is not constrained to being sold solely within the US, nor is it publicly owned by the government. It has never mattered that the US is technically energy independent, because it's not independent of a number of other resources, and it cannot sustain the sort of cost increases which reductions in global oil and gas supply would lead to: because again, threesome resources aren't publicly owned - the higher revenues flow to the oil companies, not the tax payer. |
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