Quote:
Originally Posted by mickey100
Don't forget we have the Ukraine war which has increased the price of oil and gas worldwide. Recently OPEC cut production in order to raise oil prices which translates to higher gas prices. OPEC says it will continue to cut production through 2024, so don't expect gas prices to drop any time soon. In addition, China is re-opening since the pandemic will create a huge demand for oil, which with lesser amounts available due to OPEC, will cause a jump in prices. Big oil, as others have pointed out, is raking in record profits, handing the bulk of those profits to executives and wealthy shareholders.
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Wrong! Our gas prices were up by over $1 way before the war started, the WH has used this excuse to try to get out of the mess they created. Also untrue about opec. When we were a major oil exporting country, we could care less what opec did. The United States can be self sufficient in energy if we didn’t have all the BS regulations of this WH. So now we are dependent on our enemies for sending us oil, no wonder they are trying to screw us anyway they can.