Since the USA is now producing 13.3 million barrels of oil a day, and since the higher the price of a barrel of oil, the faster the transition of the US to using less oil in both absolute and per capita terms, higher oil prices are in US interests.
Transportation is 97% fueled/powered by oil. There are plenty of alternatives.
Compressed natural gas
Brown NH3
Green NH3
Electric (full and hybrid)
H2
Solar
Water
Higher oil prices are the friend of innovation and fuel diversification.
I didn’t include ethanol because it’s idiotic to waste top soil that takes 10,000 years to create one inch and we lose a bushel of topsoil per bushel of corn.
Our oil built a base for 3.5 years An exact replica of the gold base. The big picture for the dollar is that it has begun to weaken. There is a standard for oil against an ounce of gold. Oil cannot remain at this cheap price. There is an oil and gas rally soon, and they are the remaining ones.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit