Quote:
Originally Posted by Rajoo
Oil price remains high, oil production increases in the US, then the price drops and consequently oil production drops. And this has to do with the high cost of labor in the US and drill baby drill is just a right wing mantra, no company actually does this. And oil explorations take years and years to tap and will not impact cost of oil in the near term.
Gas prices have been creeping here in Reno and CA Bay Area the past month even though according to the link article, we have an over supply. So what gives?
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An interesting look:
The world is hitting peak oil demand faster.
https://kdwalmsley.substack.com/p/th...n-the-world-is