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This weekend I watched a show that had some democratic congressman as a guest. He said taht the oil companies are not even exploring the areas in and around the US that they are legally allowed to. That essentially they are just using the current crisis get lawes changed so that they can drill in protected areas in the future.
In other words - the oil companies do not really want to increase supply now. They want the artificially inflated prices to continue, but they do want the l;aws changed so that they can make even more profits when oil really is scarce.
Anyone else hear this? Do you believe it?
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