• freagle@lemmygrad.ml
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    1 year ago

    It’s all part of the plan. Deplete the reserves, create a crisis, have no choice but to open more extraction operations, oops those pesky indigenous are getting uppity, oops more militarization of police right where we need it to repress rebellion

  • Buchenstr@lemmygrad.ml
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    1 year ago

    Yet at the same time Oil companies are setting a record high in crude oil production and trading. Where is the crude oil going? Simple, the hungry europeans are buying premium for a barrel of crude oil, much much more than the american public.

    These low reserves was manufactured by oil companies purposefully to begin selling extremely high oil prices to the average american.

      • 🏳️‍⚧️ 新星 [she/they]@lemmygrad.ml
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        1 year ago

        puts on tinfoil conspiracy hat

        Ackshually, this Israel-Palestine conflict was all a setup planned by Trump and the Saudis at Mar-a-Lago so they could have an excuse to get OPEC to raise the oil prices and get Trump elected.

  • fuckiforgotmypasswor [comrade/them,any]@hexbear.net
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    1 year ago

    In the oil market, a disruption anywhere is a disruption everywhere. Energy independence is a nice political slogan — and an economic lie.

    Except energy independence is 100% viable when you switch from oil to fucking renewables

  • Ronin_5@lemmygrad.ml
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    1 year ago

    Doesn’t really make sense since the US is now a net exporter.

    If they really need oil, they can just sell less.