The article I posted was from Valentine’s Day this year.
True, but you have to factor in the per capita part.... We produce more, but we use a
load more and not just for fuel.
Correct. And when Russia and the Saudis say that they don’t weaponize oil prices, do you believe them?True, but you have to factor in the per capita part.... We produce more, but we use a
"Any legitimate target"....THAT and everything else to squeeze the opposition.
This context is different than I took "weaponizing".2020 Russia–Saudi Arabia oil price war - Wikipedia
en.m.wikipedia.org
China, Europe, and the U.S. are on the brink of a major downturn. But I digress. The U.S. WAS the #1 producer. We're #3 now, but still by far the biggest consumer. We went from needing some foreign oil to needing a lot. And our costs went up accordingly.
What was the price when Obama left office? Did it stay that high all through Trump's presidency or did it only go lower in 2020?2020 Russia–Saudi Arabia oil price war - Wikipedia
I think I’ve provided plenty of evidence that suggests that oil prices are determined by several different actors. The president of the United States really doesn’t factor into it that much.
Trump removed a huge regulatory burden put on by Obama executive orders. Mattered. Biden hammered the U.S. oil industry. Mattered.
And the Saudis and Russians didn’t care. US producers probably didn’t either. They need prices to be up far higher than the other producers.
They were making profits. But now they can't even get at oil on Federal land to make profits due to Biden. Yep, they definitely need higher prices now to turn a profit.
There’s a difference between being a net exporter of crude oil and being the largest producer of “petroleum products”.
Biden has been called "God's gift to Big Oil".
My point exactly!As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins
As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago.www.reuters.com
The historical similarities are astounding. Xi is Tojo. Putin is Hitler. Biden at least for the time being is Neville Chamberlain. Now you "conservatives" all seem eager to jump into another world war . The last one hilled 78 million people. The US which at the time was a country of only 138 million had 405,00 killed twice that many wounded . The history of European wars has one common thread. The inability to contain them to within the borders of just one nation.
Notice they're buying properties. They aren't on Federal land.As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins
As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago.
Who said anything about jumping in to WWIII?
Where the hell are you getting conservatives are eager to get us into a world war?
