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Politics : Formerly About Advanced Micro Devices

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pocotrader

To: Eric who wrote (1428068)	12/10/2023 8:41:17 PM
From: Mongo2116	1 Recommendation Read Replies (3) of 1574097

even still it's at a high...beats the shit out of everyone else and is close to our consumption....not as you stated. And it was OBAMA who opened the door to increase production....YOUR WELCOME EDUCATE YOURSELF BOY!! Can the US produce enough oil to sustain itself? That happens because of a combination of economics and chemistry. The economics are simple: overseas oil, even after shipping costs, is often cheaper than domestically-produced crude. And, while the U.S. does produce enough oil to meet its own needs, it is the wrong type of oil. Why does the US export oil instead of using it? Most of what the U.S. produces comes from our gulf coast. It often makes more sense for the refineries in the gulf to export some of their gasoline to Mexico, rather than expensively ship their product all the way to the east coast of the U.S., which gets cheaper gasoline from Europe.Oct 19, 2022 Who controls the price of oil? Crude oil prices are driven by global supply and demand. Economic growth is one of the biggest factors affecting petroleum product—and therefore crude oil—demand. Growing economies mean a higher demand for energy, in general, especially for transporting goods from producers to consumers.

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