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We have a president who is hostile to oil. Let's ignore if that is a good / bad idea for moment. It's been long enough that price of gas reflects those decisi
by worker_person 4y ago
We have a president who is hostile to oil.
Let's ignore if that is a good / bad idea for moment.
It's been long enough that price of gas reflects those decisions.
Except we've been drawing down our strategic oil reserves to keep prices cheap for the moment. So really it should be a lot higher.
Real pain will begin when the reserve runs out of good oil.
https://www.washingtonpost.com/business/energy/the-us-is-depleting-its-strategic-petroleum-reserve-faster-than-it-looks/2022/06/17/3b899c40-ee04-11ec-9f90-79df1fb28296_story.html https://www.washingtonpost.com/business/energy/the-us-is-dep...