US oil prices sink below $70 on debt ceiling jitters and Russia-Saudi tensions

The selloff marks one of the worst days of the year for the oil market and could help keep a lid on pump prices.

           

https://www.facebook.com/cnn/posts/10163664933851509

Michael Butterworth - Figure of speech anyway. The point is that Big Oil takes advantage of you every time there is a big scare.

9/11/01, let's take advantage of everyone scared and jack the prices to $5 a gallon. All to profit themselves during the War on Terror.

War on Iraq. Sanctions against anyone not building inside America. Sanctions against anyone declaring War, including Russia-Ukraine.

Then there are their constant threats to the US about switching from Oil Plants to EV Solar Plants and other resources. Cutbacks on Pollution from Big Smog to almost No Smog. They took advantage of all of that.


Chuck Edwards you claimed that the US could save more on gas prices by using its own oil. I provided context which proves that cannot happen.

It’s a right wing talking point which tries to claim to its viewers that democrats are limiting oil production at the expense of gas prices. They know that that many right wing voters are uneducated about economics and other subjects, so they pander to the wallets.

Clean energy plans can reduce the reliance on fossil fuels purchased from other nations/corporations. So, why should that be a left media conversation? It’s because it’s the only side talking about it


Chuck Edwards you do realize the following:

1. Oil is sold on the open market and the US government doesn’t ‘own’ it’s oil drilled in the US.

2. The oil drilled in the US has to be exported because it CANNOT be refined locally. Specifically, the oil drilled on this side of the world is light crude. The refineries on this side of the world are not designed for that type of oil.

The US will never be oil independent no matter what the right media tells you. Think EV - then you don’t have to rely on dictatorships for your gas