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However, the Saudis will soon raise the price of fuel to exorbitant levels (again), while electricity prices will remain stably regulated by each state's power

• kirse 10y ago
  However, the Saudis will soon raise the price of fuel to exorbitant levels They don't have that much control. The US would increase fracking / shale ops and bring the cost of oil back down. We have incredibly massive oil reserves here in the US that any sort of Saudi nonsense will have limited effect. Saudis have gotten themselves into a world of pain over the past few years attempting to play their stupid games with oil prices, so much so that they are about to take Saudi Aramco public to get a desperately-needed cash infusion. Our fracking/shale ops are also hurting though in this race to the bottom. http://www.telegraph.co.uk/business/2016/07/31/texas-shale-oil-has-fought-saudi-arabia-to-a-standstill/ http://www.telegraph.co.uk/business/2016/07/31/texas-shale-o...
  • deleted 10y ago
    [deleted]
  • apercu 10y ago
    the US AND Canada. About 40% of the oil the US imports comes from Canada. More than comes from SA.
• jdmichal 10y ago
  My state allows for a per-kW, at-cost fuel rate in addition to the controlled base rate. So definitely not true everywhere.