cuerro viejo
WKR
- Joined
- Apr 1, 2013
- Messages
- 2,890
Cut non -North America importation 100%, lighten back costly and unrealistic EPA mandates, and the private sectors will lower prices via output and easier refined sweet crude.Increasing the M1 by 400% in 6 months is the textbook definition of inflation.
Suspending future oil production may have some effect, but lets put current production into context. Nov 2021 the US produced 11.8 million barrels per day while consuming over 20 million per day. This is a demand problem.
Certainly, sanctions on the wealthiest oil producers hurts our prices as well.
Our off shore production is by far our most competitive world wide in relation to expenses.
The amount of NG that gets flared is staggering.
There is no reason why we shouldn’t be 100% energy independent and influencing oil prices works wide. The fact we aren’t is a major national security threat, we need to stop trying to buy the influence in other countries by their oil sales to US.