Sky News economics and data editor Ed Conway has produced another short and information filled segment looking at how the U.S. become the biggest oil producer in the world. Well worth the 5-minutes and helps to contextualize many of the geopolitical shifts currently underway. WATCH:
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When you factor in the U.S. control over Venezuela oil production, well, things look even stronger.
I wish there was a way to price oil differently.
The dems have zero policies and price is all they can run on 🙁
Price is largely dictated by supply and demand, but heavily attenuated by laws and regulations, industry standards, etc. All between overlapping Federal, State, and local jurisdictions.
That’s to say that bureaucrats make things needlessly more expensive with the costs of regulatory compliance. Speaking of which, I will pick on California for this one. Between specialized fuel blends, stricter emissions standards then Federal limits, and a plethora of State and local laws and ordinances California is quite hostile to industry.
Sacramento also gains more net revenue on every gallon of fuel in that State sold then anyone else does in the production, refining, and distribution chains with respect to their margins.
The world, quite stupidly, has moved off of petroleum as an energy source. This sets us up for the future and AI energy needs.
WoW!!! Thanks, SD!
When do we start paying down the debt? Billions being sold in oil and gas tax revenues and fraud exposure in the billions being identified and prosecuted.
Let us pray this “Golden Age” opportunity is not squandered away. PDJT and We The People cannot work fast enough to protect our national interest.