Quote from: paxmao on Today at 09:49:45 AM

Quote from: BADecker on Today at 01:09:30 AM

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That's why you should live in Texas... where your gas is cheaper.

Note that if Trump frees up the regs for finding and developing crude, Texans will be making a lot of big money off crude, no matter the price. And the tariffs will shut down any sales to the US from either Russia or Ukraine.

Everybody considers the Venezuela crude. But people forget about the free 'Co-operative Republic of Guyana' which is right next to Venezuela, and has almost as much crude as Venezuela. Being a real free republic, the US can take any advantage of their oil as necessary. We don't even need Venezuelan or Russian or Ukrainian or Middle East oil.

Cool

I am sure SOME texans and multinationals will be making the money, not "Texans" in general, but we will ALL pay for the climate change events. BTW US gas and oil is mostly fracking - not precisely the cheapest type. Please, put tariffs on oil

https://eu.statesman.com/story/news/politics/politifact/2022/06/25/fact-check-domestic-oil-more-affordable-than-imported-oil-gas-prices/7723568001/#:~:text=In%20Rystad's%202020%20analysis%2C%20at,cost%20is%20%2444%20a%20barrel.

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"Even under the most optimistic view, U.S. production increases would likely add only a few hundred thousand barrels per day above current forecasts," the analysts wrote in May. "This amounts to a proverbial drop in the bucket in the 100-million-barrel-per-day global oil market."

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Domestic oil costs more
Looking at what McCarthy actually said — that domestic oil is itself more affordable — the numbers don’t back that up. Saudi oil is easily produced, and transporting it is not a major factor.

"The costs of importing oil from Saudi Arabia are very low," said Eric Lewis, an energy economist at Texas A&M University. "Shipping overseas from a place that has oil export facilities is easy."

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In Rystad’s 2020 analysis, at $31 a barrel, onshore Middle Eastern oil fields have the world’s lowest production cost. For deepwater wells, which would include some U.S. production, the number is $43 a barrel, and for North American oil produced through fracking (hydraulic fracturing), the cost is $44 a barrel. Other North American sources cost even more.

But that is irrelevant. Ruzzia goes to war when the price of oil is high. It is an oil and gas exporting country - more of a Petro-state - and finances go very well when oil is up. Just check their few last wars plotted agains the price of oil. As of right now.... and perhaps thanks to US choosing Trump...

https://tradingeconomics.com/commodity/crude-oil

67 at today's rate... near the 3 year low. I am sure Ruzzia will be very grateful Grin

And all the while you talk stuff that could go either way, Russia advances over Ukraine. Ukraine would be smart to join Russia since many of their ideals are the same. Then the war would be over.

Cool