1ºIt's for absolutely no reason but corporate greed. The oil we use for gas in the US, comes from the US. We are the largest producer of oil on earth.
Corporations can't go by the global market to raise prices on domestic oil, because they do not lower prices when global prices drop.
Not to mention the insane amount of tax payer money used to subsidize oil company's and the fact that after government funding and cuts they pay no taxes. On top of sitting on massive amout of oil deposits, they are sold and rock bottom prices, then sell to forgien oil companies or just refuse to process so smaller companies can never start. The oil monopoly has to stop.
2ºAnthony Ramey one refinement I would add is that we are the largest exporter…however OPEC *produces* over twice as much as we do, around 27M bpd compared to 12M currently (though OPEC has exceeded 37M bpd in the past — nearly 3x the US’ all-time-peak of just over 13M bpd). They also have 34x the volume of proven reserves compared to what the US controls. The US therefore cannot win in the oil and gas industry in the long term—the sooner everyone realizes that, the better-positioned the US will be to capture energy opportunities where it *can* actually compete and differentiate.
3ºChris Fry you don't seam to understand that US companies can't possibly produce more oil than they are. The problem is not pumping capacity its refining capacity in the us. The last major large oil refinery was built in 1976. a small refinery staretd operating in Texas in 2022 with that said all of the refineries in the US that refine sweet crude are all at capacity. no mater hiw much gets pumped in the US you can't process all of it. No one wants to build new refineries. The Biden Administration approved almost 1000more drilling licenses in its first two years than the previous administration. Before you mention keystone check your fake facts at the door.
4ºThanks Joe and inflation was up 3.2% in July and expected to continue, millions of immigrants costing us billions that now Dem Mayors once saying "come to us" are screaming their cities are falling apart and the cost is breaking them. They didn't care when it was just border states, but now with just a fraction of what border states deal with they're losing their minds. Crime is so out of control in Dem cities like SF with their pro criminal policies govt is telling federal employees they must work from home. Some businesses say they are now being robbed 6 times a day and police do nothing..
5ºJerome Howard That's only part of the problem though. The cost of replacing the battery is simply cost prohibitive. Expanding grids still requires sources to support expansion. Wind and solar won't cut it. Never will. Germany is a perfect example of that. They went full potato into using green energy and a couple of years ago they went back to coal and fossil fuels (as well as wind and solar) because green energy wasn't cutting it. Can't produce the supply we need. Until there is an honest conversation about other sources or even allowing for transition EVs will be limited.
6ºAttention
Kaitlan L. Collins
Kaitlan Collins -
"The Source" with Kaitlan Collins :
The whole World is hit by High Inflation.
That is why both Trump, Biden and Ramaphosa and this very evil man Hunter are on The Blacklist.
We need to get back to
The Source and invite
New Guests.
A Fresh Start with a New list.
Which we would like to hear from Kennedy Junior,
AOC and an Exclusive with Jack Smith.
These interviews are all persons of interest.
They are all on Twitter X
And one Wonders why Elon Musk should not come onto The Source and be interviewed by his best customers including Kaitlan Collins.
The fact that Elon and I both went to school in Cape Town will be of major interest with the Cage Fight against Mark Z.
What an interview that would be as every viewer around the World will want to watch that!
The Fresh list looks real good!
As opposed to the Black list being Inflation, inflation, inflation!!!