On the recordMarch 28, 2012
We know that the price of oil is set on a world market and that changes in our own domestic oil production do not have a major impact on the price of oil on that market.
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congress.govJeff Bingaman: “We know that the price of oil is set on a world market and that changes in our own domestic oil production do not have a…”
Editor's note · Context
Stating that domestic production doesn't significantly affect global oil prices.
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