Quote:
Originally Posted by Andyb
All could have been avoided by staying energy independent and not shutting down the Alaskan pipeline. Does not get any more simpler than that. We were there 2 years ago. Wonder what changed?
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Just over 2 years ago there was a glut of oil world wide.
The price and demand was at its lowest.
Then the world opened up from all the Covid lock downs and demand could not keep up with production.
Since then oil has practically been weaponized due to the war in Ukraine as a product, with the haves reaping vast profits, including I may add, US oil companies.
Oil demand and price, as well as inflation is a world problem, and inflation wise, the US is doing much better than many.
The world does not finish at the US border.