Myron Kinley in Romania; 1931
Romano-Anglo No. 160; 1929. Before stuff went from bad, to worse Romania has a rich and colorful oil history; it is believed some of the...
"Given that oil is priced on an international market, increased domestic oil production will not do much to lower prices for U.S. consumers, as any gains in U.S. production will be spread across the international market. Greater reliance on domestic oil resources in substitution for imports will reduce the vulnerability of the economy to oil supply disruptions, although not by much."
Council On Foreign Relations