icanhelp1
Literotica Guru
- Joined
- Mar 23, 2019
- Posts
- 20,089
Right now the left owns Biden. Oil companies will not invest in a hostile environment.Right...I get what you're saying, but I don't think you've thought through the execution. You don't just "open up all lands to drilling" and suddenly the market has a ton of oil.
We were already backlogged on new oil drilling when Biden took office. They could easily ramp those up and get more oil there, but oil companies probably don't want to act against their own interests.....they like drilling in Russia.
As far as world markets, commodity markets: perceptions are realities. If the green party has commanding influence over fossil fuel production that perception will reverberate throughout the markets. It's very complicated when dealing with world markets bu if the US becomes the largest producer, exporter it changes the complexion of competition, takes the effect of influence from OPEC, Russia and Iran and gives the upper hand to Canada and the US. Tha alone will have an effect on p/bbl because of perception. We could have an LNG infrastructure up and running in a year to accommodate all the needs of europeans.
If Germany and Italy along with the US focus on LNG supply infrastructure we could destroy Russia's natural gas ambitions and eliminate any attempt at blackmail. That alone would bring stability to world markets.