Talk of The Villages Florida - View Single Post - Gas so $$$
Thread: Gas so $$$
View Single Post
 
Old 03-16-2022, 10:11 AM
forebubba forebubba is offline
Senior Member
Join Date: Nov 2011
Posts: 122
Thanks: 45
Thanked 153 Times in 56 Posts
Default
Quote:
Originally Posted by Malsua View Post
Cancelling gas/oil leases, banning fracking and stopping oil pipelines absolutely has an effect on the SUPPLY of oil. Less supply, higher prices. Because oil is fungible, changes in supply here, affect the price of oil, EVERYWHERE.
There are more than 9000 open permits in the USA approved to drill oil but oil companies are not using them, why ?