And by the same token, when the gas comes in and it has dropped to the bottom of price per barrel & then the price of oil goes up... It should remain dropped until it's refilled.
OPEC because of how they control the majority of how oil moves around the world & how much of it does... Then for just the US Locally.... Every President who hasn't written it into law that we won't use foreign oil.
We don't. We sell it abroad & we don't even have all of our Oil Wells functional. The reason our gas prices go up when there's conflict abroad (especially middle east), is because we import a butt-ton of foreign oil.
The US could live independently for 500 years on the oil in the ground of the United States. Drill Here, Refine Here, only Supply to Here. 500 years of $0.99/gallon gas. I'm sure we could come up with something else besides Oil for Gas before then.
