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And so the oil fields in North Dakota will fire up again to fill the demand if need be the USA has enough oil here to take care of our energy needs. Right now the oil fields in this country are at a low but if need can be put back on line in no time. The USA is not dependent on opec life we were in the 70’s and 80’s. Everyone forgets about our own new oil fracking witch put the hurt on opec. And when the Keystone pipeline gets approved it will bring even more oil from Canada to the USA.
American oil companies welcome the cuts because it will increase prices. They do not like prices in the 40s. My spouse works in the oil biz so we keep up it heavily.
American oil companies welcome the cuts because it will increase prices. They do not like prices in the 40s. My spouse works in the oil biz so we keep up it heavily.
Well we will just have to wait and see right now the economy is better because of lower oil prices for a majority of the American people. Sure when gasoline was high people in the oil industry were making money while the American drivers were the ones paying for it and the people who fly and deliver charges it all takes a toll on the average American we pay more and big oil rakes in billions of dollars at our expense.
American oil companies welcome the cuts because it will increase prices. They do not like prices in the 40s. My spouse works in the oil biz so we keep up it heavily.
The State of Alaska also welcomes the cuts. Oil prices have a huge impact on state spending as we have no state income tax or state sales tax.
OPEC cuts begin next month, so that will remove about 1.2m barrels per day from the market. It’ll take time, but eventually the stockpiles will start going down and prices will start rising.
OPEC finds it easier to announce than to effectuate cuts.
And so the oil fields in North Dakota will fire up again to fill the demand if need be the USA has enough oil here to take care of our energy needs. Right now the oil fields in this country are at a low but if need can be put back on line in no time. The USA is not dependent on opec life we were in the 70’s and 80’s. Everyone forgets about our own new oil fracking witch put the hurt on opec. And when the Keystone pipeline gets approved it will bring even more oil from Canada to the USA.
The crucial thing is that fracking production can go up and down. Conventional crude is harder to stop and restart. Thus when Saudi cuts, or if they cut, fracking can go up.
Just because spring is coming doesn’t mean higher gas prices haven’t you noticed the glut of oil reserves and that people are useing less gasoline. If it dose go up it won’t be allot right now oil is cheap and plentiful, so we can stop all of this gloom and doom because we are not in the oil business are we were just regular joes that buy gasoline, We’re no petroleum experts here are we.
I am in the oil bizz mizz.
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