OK, Spanky, help me here: I see that the President is considering pulling oil out of the Strategic Petroleum Reserve because oil and therefore gasoline prices are escalating, and this move will thereby bring prices down.
Okay…so if MORE oil (aka increasing “Supply”) brings down the price of oil, explain to me WHY we aren’t DRILLING for MORE oil right here in America(thereby INCREASING supply) which it seems, if I follow the Administration’s thinking , would bring DOWN prices, which they seem to want.
I’m open for an explanation here kids.
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