Page 18 - Ship It News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On imports, my administration is encouraging offshore oil exploration and production. >> stop, stop it for a second. here is the thing about drilling for oil at home. you take the oil out of the ground. what do you do with it, ship it around the world so it can be sold as a commodity on the global market to china, brazil, wherever else, including here. just because you found more oil in your own gulf of mexico, for instance, does not mean you made an appreciable dent in the amount of oil you import at home, to be clear. it is a global market. you just contribute your supply to the global suppl...

The liquid fuel we consumed. so that was a good trend. to keep reducing that reliance onsencouraging offshore oil exploration and production. >> stop, stop it for a second. here is the thing about drilling for oil at home. you take the oil out of the ground. what do you do with it, ship it around the world so it can be sold as a commodity on the global market to china, brazil, wherever else, including here. just because you found more oil in your own gulf of mexico, for instance, does not mean you made an aappreciable dent in the amount of oil you import at home, to be clear. it is a global ma...

To keep reducing that reliance on imports, my administration is encouraging offshore oil exploration and production. >> stop, stop it for a second. here is the thing about drilling for oil at home. you take the oil out of the ground. what do you do with it, ship it around the world so it can be sold as a commodity on the global market to china, brazil, wherever else, including here. just because you found more oil in your own gulf of mexico, for instance, does not mean you made an appreciable dent in the amount of oil you import at home, to be clear. it is a global market. you just contribute ...

Al to the disruption of oil. what is really going on? >>guest: futures industry every $10 the crude moves it affected the gas prices by 33 cents so with the bumps if crude impasse can move up, as well. the problem is the way shippers and buyers ship their product through the revenue streams they create through the channels they have, they have to sell forward so they ned to sell a contract, ship it, and make sure they are getting paid for the current price of the oil. so what is happening there is a gap define when they sell it and when they ship it so they need to guess whether the prices are...

Standards -- >> absolutely. >> ship it to china and cut back room deal with terrorists to make money. this is our economy today? where is teddy roosevelt? >> we should take action against england. >> i agree. >> hey, how could you do this to us? >> our supposedly staunch ally. >> with friends like that who needs enemies? >> you got it. >> enjoy your grandchildren. enjoy the summer. >> thanks so much. >> thank you for being willing to continue to share your experience with all of this in public. still ahead, speaking of sharing. remembering "the boss." dodgers legends. resident wild man. tommy ...