In reply to RC Macaulay's message of Fri, 28 Jul 2006 07:02:34 -0500: Hi, [snip] >While this is apparently happening to some extent in some cases, >it clearly can't keep up with demand, or the US wouldn't be >importing any oil. > >Howdy Robin, > > Major world petroleum firms ship oil to the US for the simple reason of > supply and demand. The state of Colorado has the largest untapped oil reserve > in the world but when you can get milk thru the fence why buy the cow.
I was going to say..because it's cheaper to feed a cow than to continually buy milk...but of course this isn't true when you are paying for the milk with currency that you print yourself, and force the rest of the world to also use to buy milk (thus keeping the value of your currency artificially high). [snip] Regards, Robin van Spaandonk http://users.bigpond.net.au/rvanspaa/ Competition provides the motivation, Cooperation provides the means.
