I’m ready. I wear FRC for going into the plants.
If not fixed, producers will be discouraged by an oil market that seems rigged against them. They will react by slowing — or possibly stopping — new exploration. The oil boom will ebb or end. Global oil supplies will then be lower than they would otherwise be; prices will be higher. It’s a bad outcome for the United States but a good one for Russia, Iran and other producers hostile to us.
Dare I ask why the apparent need for increased refinery capacity is not satisfied?
We need to flood the world with American oil and gas, which will bankrupt Russia, as well as all the middle east producers, who don’t wish us well.