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It was because OPEC called it a day after they found out they would no longer undercut the US shale oil and LNG because the US would be in "all you can fracking" mode after Trump had moved into WH. Learn the energy politics and US dollars history.
when you are one of the major players in the market, you can push the needle toward shortages or surplus.There are no shortages.
when you are one of the major players in the market, you can push the needle toward shortages or surplus.
Which we were until the Covid nonsense cut the legs out from under us.when you are one of the major players in the market, you can push the needle toward shortages or surplus.
Who the fucking would want to work at the field when C19 hit because It was very easy to get infected in that envior.. Then, there was only a very short period of time when the oil went negative. The negative value was because of the storage costs.Which we were until the Covid nonsense cut the legs out from under us.
Covid didn't do it. The stinking gov't did by locking everyone down. When oil went negative the small Frackers were Destroyed economically. Now it's back to BS with Brandon.
I cannot. However, I believe at least OPEC or Putin canNo, you can push the numbers that cause people to get out or run the price up.
I cannot. However, I believe at least OPEC or Putin can
I worked in that field in a refinery when Covid hit. And that did screw small Frackers. I took 5 weeks off and we had to put in large chillers to recirculate product because it wasn't being sold.Who the fucking would want to work at the field when C19 hit because It was very easy to get infected in that envior.. Then, there was only a very short period of time when the oil went negative. The negative value was because of the storage costs.
The current US gas price issue has little to do with C19. It has a lot to do with Biden's energy policy. If it was oil / LNG friendly POTUS in the WH, we would see crude oil prices barely over $60 or so.
Your point was let China waste Trillions leading.Because we get to print the money. That's not going to last forever.
Your point was let China waste Trillions leading.
I point out that we are not wasting trillions, we are MAKING trillions.
And no, it is not that we print money, all nations print money. It is because we do lead the world and that gives the US a LOT of privilege's, the one that you are pointing out is that we are the reserve currency. That is not the only or even the majority of the reason that we have garnered so much wealth but it certainly is a major factor. One that goes away when we 'let China waste trillions leading.' That idea is blatantly absurd.
whatever helps you sleep at night
She is such a moron.
