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The scenario of the 1980s you point out may be a good example to reflect upon when considering the value of increasing domestic production. I wonder if, today, we could lower the price of gas at the pump if we increased domestic production. I guess that's the argument of the day but there are lots of "interests" pulling every which way as to pros and cons.
I remember hearing that story about Bush Admin. working with the Saudi's to pump more oil, too. Good example of oil being used as a weapon, of sorts. .. if true, as you point out.
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