California! Ha haaaaa! Sometimes I say the craziest things.
OH NOES!!!! We’ll have to sell even more of our oil at a higher price!
The price of crude oil is taking an absolute beating since sanctions on Iran were announced. This cannot make the Saudis very happy but frankly the happiness of the Saudis is about my 973rd concern in life
It’s too bad governments control a heavy majority of oil reserves worldwide, which leads to more price volatility.
The largest private multi-nationals combined control 7% of the market. Over 100 countries produce oil. But Russia, Saudi Arabia, Iran and Iraq combined produce 36% of the world’s oil.
The US produces 12% but our government doesn’t own the production, though it does sell leasing rights for income.
Who gives a crap about the goddamn mongoloid saudis.
Didn’t President Trump approve the pipeline and aren’t we fracking the heck out of North Dakota making the USA the top oil producer? Good luck with that Saudi Arabia.
JoMa
Drill, baby, drill!
Hey OPEC!
You cut we drill.
Problem solved.
.
Go ahead and cut off your nose to spite your face!
Sell less oil, spend less earned wealth.
How much of this is posturing to quiet the screeches about the spy who died...
Eff them. So be it. I say we unleash our Oil Industry in the name of national security. We have plenty of vacant space on current and former military bases. Give tax incentives and waive federal regs on oil production to allow for full production. Set our companies free to build our own reserves and supply our allies. This would allow for the creation of a lot of high paid jobs in decrease our dependence on foreign oil Reserves
From what I understand, federal regulations do not apply to the government specifically. I would think we could use it to our advantage and allow for full production and the name of National Security interests. I would think we could also allow for this type of production occur on Indian Reservation lands free from Federal Regulations as well.
After 9/11, Las Vegas and hundreds of other terrorist attacks....we should simply blow them up and take their damn oil.