drill baby drill.. USA needs cheap oil so does china though

by jay @, Saturday, February 22, 2025, 05:01 (623 days ago) @ jeffc

drill baby drill.. USA needs cheap oil so does china though

Yeah. The problem with that argument is that there's no shortage of oil on the market. And you can easily see that - no gas lines, no spike in prices that would indicate a shortage, demand easily met with an adequate supply. Trump can blather all he wants about drill, baby, drill if it gives him and his dimwitted base a tingle upside the leg but oil companies are not required to obey, at least not yet. Drilling for more would only depress prices and oil bidness execs would rather chew out their kidneys than see that happen. Further the war in Ukraine will end eventually and, with sanctions lifted, a flood of Russian oil will hit the market, depressing prices even more. So no. No oil company is going to want to drill for significantly more in the near future, regardless of the lies that Trump spews out daily. And that doesn't even begin to talk about the very real existential problem of global warming and the necessity of moving away from fossil fuels.

And BTW, brevity in your writing should be your gold standard.


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