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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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<blockquote data-quote="bacha29" data-source="post: 5700970" data-attributes="member: 58386"><p>Specifically where is "there'? And there is no guarantee that your new president will give you the cheap oil you appear addicted to . Why? Oil is a global commodity and who is the biggest importer of oil?.....China. And growth of their economy will have a much bigger impact on oil prices and there's nothing your Orange Jesus can do about that. And the Saudi's have made it clear that they want 80 bucks a barrel for their oil and have cut production to get it there. This morning oil is trading at $87.30 </p><p>US crude oil production is back to pre pandemic levels of 12.9 MPD and could hit new production records in the coming months <strong> IF</strong> prices remain high enough to create desired levels of profit and rest assured reduced production will almost certainly assure that level and there's nothing your Orange Jesus can do about that either outside of two things....1. Release SPR oil and that has been proven again and again to be a short term solution AND aggressively push for new technology to reduce our dependency on oil. You and your fellow MAGA's want to INCREASE our economy's dependence on oil but you are rapidly becoming a shrinking minority. </p><p></p><p>Because oil is a global commodity price not domestic politics governs that industry.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5700970, member: 58386"] Specifically where is "there'? And there is no guarantee that your new president will give you the cheap oil you appear addicted to . Why? Oil is a global commodity and who is the biggest importer of oil?.....China. And growth of their economy will have a much bigger impact on oil prices and there's nothing your Orange Jesus can do about that. And the Saudi's have made it clear that they want 80 bucks a barrel for their oil and have cut production to get it there. This morning oil is trading at $87.30 US crude oil production is back to pre pandemic levels of 12.9 MPD and could hit new production records in the coming months [B] IF[/B] prices remain high enough to create desired levels of profit and rest assured reduced production will almost certainly assure that level and there's nothing your Orange Jesus can do about that either outside of two things....1. Release SPR oil and that has been proven again and again to be a short term solution AND aggressively push for new technology to reduce our dependency on oil. You and your fellow MAGA's want to INCREASE our economy's dependence on oil but you are rapidly becoming a shrinking minority. Because oil is a global commodity price not domestic politics governs that industry. [/QUOTE]
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BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC
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