E-MAIL: trajectory1780@gmail.com

Monday, August 29, 2022

Oil War - Inflation

From this article

 "You've been lied to by the President and his allies, but I want to set the record straight. 

There is enough recoverable crude oil within the continental U.S. to supply current and projected future demand for 400+ years, and that's just the oil we know about! It doesn't account for future discoveries.

The domestic oil industry currently cannot satisfy domestic demand due to oil drilling restrictions imposed by the federal government.

Right now, domestic oil is scarce, and the price of everything is high because of these restrictions imposed by the federal government.

We import foreign oil . . . their production methods are far more damaging to the environment than in North America.

It's the Biden administration's fault, because it is suppressing the domestic oil industry for political gain.

And I hear that the refineries are close to maxed out because no one wants to invest, long term, in an industry that's being targeted by the government.

No comments: