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oil production is currently higher than any time

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Post# of 127009
(Total Views: 221)
Posted On: 06/17/2022 3:33:31 AM
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Posted By: copytele
Re: SaltyMutt #85179

oil production is currently higher than any time is US history prior to Dec 2018. It was slightly higher for a period of about 11 months in 2019.

so if we are producing massive amounts of oil, then why is the cost so much higher? weird. I wonder how oil is valued in currency? You know, I think I heard something about oil being purchased and valued in US $'s...meaning everywhere in the word.

so if there is the same amount of oil, and 3 times the amount of $'s in circulation, I wonder what would happen to the price?

so very odd... but hey, we all know it's Putin's fault. i mean after all, he does sit at the head of the 11th largest economy in the world... 3 places behind Italy.

Christ, i hope Italy doesn't invade Austria, pasta prices will go through the roof!




Premium
5 minutes ago
You know it is bad when the corporate arm of the fascist government is blaming the political arm of the fascist government.


6 minutes ago
(Edited)
Just so everyone understands...if a 'white nationalist' or 'isis' fighter sabotaged our energy supply 1/1000 of what biden and his administration has done, the US military would be droning innocent families all over our country or a foreign country for the next 20 years.

This is planned, coordinated economic warfare, and that is actual real kinetic war...economic war on your own country is treason and sedition...just so everyone understands.



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