Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 11-10-2013, 01:14 PM   #4232
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Quote:
Originally Posted by Fairplay View Post
Wouldn't oil be cheaper to drill in the U.S. ?

Importing oil from halfway around the globe who have to be much more expensive. I don't understand.
Not necessarily. The cost of production isn't level. For example, drilling a hole in Texas and having the crude spray out equates to less production costs compared to drilling through 5,000 feet of rock and soil in the Gulf of Mexico.
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