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<blockquote data-quote="bacha29" data-source="post: 5424122" data-attributes="member: 58386"><p>Oil is a GLOBAL commodity completely vulnerable to geopolitical forces. We're back to pre COVID production levels and will hit a new production record next year. US oil drillers have CLEARLY set their drilling schedules for the remainder of the decade and those schedules are low single digit increases over current schedules. Their message is clear as well...'Why bear the expense of producing two barrels of oil and sell them for $50 a barrel when we can produce one barrel and sell it for $100"? </p><p></p><p>The Canadians have been up there strip mining Bitumin for more than 40 years. So you tell me.....Why hasn't Trudeau built his own refineries? Furthermore, the US economy is a free market supply and demand economy . So what do you want? Nixon era price controls? We saw how well they worked. How about we nationalize US oil companies? . Are these the solutions you want? if not, then what are your solutions?</p></blockquote><p></p>
[QUOTE="bacha29, post: 5424122, member: 58386"] Oil is a GLOBAL commodity completely vulnerable to geopolitical forces. We're back to pre COVID production levels and will hit a new production record next year. US oil drillers have CLEARLY set their drilling schedules for the remainder of the decade and those schedules are low single digit increases over current schedules. Their message is clear as well...'Why bear the expense of producing two barrels of oil and sell them for $50 a barrel when we can produce one barrel and sell it for $100"? The Canadians have been up there strip mining Bitumin for more than 40 years. So you tell me.....Why hasn't Trudeau built his own refineries? Furthermore, the US economy is a free market supply and demand economy . So what do you want? Nixon era price controls? We saw how well they worked. How about we nationalize US oil companies? . Are these the solutions you want? if not, then what are your solutions? [/QUOTE]
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