Originally Posted by tomindayton
No one, especially sleeper!, can convince me that the price of crude would not drop immediately when the USA announces it is in the oil production business again.
The United States is 11th in the world at exporting Oil at 1.9 million bbl/day which is about 2.9% of world output. That's a small drop in the pond. Even in some faux reality where we could up production over night(impossible) three fold, at most we might see a minor dip in the price of oil.
Your comment regarding "no one can convince me" is a major turn off from doing any more in-depth research because I feel it would be a waste of time.