RIP, Colin Powell
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Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
‘a-blowe yow and be-kele yow wel, and comyth up all with your ease’ ~ attributed to Henry V
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@renauda said in RIP, Colin Powell:
but the rise in price is not about the USA
Yeah, there's a distinct tinge of dishonesty in this harping on about oil prices, as well as the problems with supply chains. These are clearly global problems that even The Great Orange Magnificence, (Sallā Allāhu ʿalayhi wa- ala ālihi wa’ sallam) couldn't have solved.
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@renauda said in RIP, Colin Powell:
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Withdrawing oil leases on Federal lands and a ban on fracking in the U.S. has nothing to do with oil prces?
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@jolly said in RIP, Colin Powell:
@renauda said in RIP, Colin Powell:
Of course you have demand as does every other industrialized country. But the rise in price is not about the USA or who or what is in the White House, it’s about the the global market and depletion of the amassed surplus:
Spring 2021
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
October 2021
Withdrawing oil leases on Federal lands and a ban on fracking in the U.S. has nothing to do with oil prces?
Someday maybe, but not today. It takes a while for fewer lease grants to turn into something that affects market price.
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‘a-blowe yow and be-kele yow wel, and comyth up all with your ease’ ~ attributed to Henry V
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@renauda said in RIP, Colin Powell:
Well put.
Agree. Having deal with companies like PTT ("national" oil company of Thailand), etc., the people of Thailand are certainly not blaming the increase in gas prices on President Biden.
