Flooding the world with oil will almost instantly return peace and prosperity to earth.
It will send Russia and Iran back to skid row.
That is the solution.
The reality is the election is peace and prosperity vs war and impoverishment.
It’s not so easy for the US to flood the earth with oil. The US is a relatively high-cost producer. Cheap oil will be disastrous to US producers.
Current restrictions on production, the foolish policy of the current administration, increase US production costs, but to only a slight degree.
The key players with low production costs/or low investment requirements, are the Saudis, still.
It’s not so easy for the US to flood the earth with oil. The US is a relatively high-cost producer. Cheap oil will be disastrous to US producers.
Current restrictions on production, the foolish policy of the current administration, increase US production costs, but to only a slight degree.
The key players with low production costs/or low investment requirements, are the Saudis, still.