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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (1419427)	9/20/2023 5:43:18 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1578372

"I did that." He did do it, with timely, yet unsustainable, releases from the SPR. I hope he doesn't do it again. -- "Price of gas goes up? Brandon says, 'PooTin's price hike.'" That was certainly true at the start of the war, but, right now, it's Mr. Market's price hike. Global energy demand today has to be higher today than it was in '18 & '19, but the supply is lower. Did you happen to notice this? "by August 2023 OPEC crude output had fallen to roughly 3851 kb/d below the CTMA peak in 2018." In May, the world was producing 4 M BPD less than we were in '18. U.S. June oil production increased by 207 kb/d to 12,844 kb/d. The large increase is primarily due toa147 kb/d increase in the GOM. Peak production in the Big 3 occurred in April 2020 at 34,336 kb/d. The peak was associated with a large production increase from Saudi Arabia. Post covid, production peaked at 33,287 kb/d in September 2022. The drop since then is due to production cutbacks in Russia and Saudi Arabia. Peak Oil Barrel – The Reported Death of Peak Oil Has Been Greatly Exaggerated = Would Saudi Arabia increase production if Trump asked them nicely? Maybe. High Gas Prices Are Donald Trump's Fault Apr 14, 2022—Trumpdemanded that Saudi Arabiacut backproduction back in 2020. According toTrump, he worked out a deal whereOPECproducers would all ... -- Would Russia? I think it's more a question of "could Russia?" It can be difficult to restore shut-in wells to full production, and they relied a lot on Western companies.