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To: cuban leaf

I read all the comments and they are surprising in their lack of understanding. America produces around 10 millions barrels of oil a day and consumes about 29 million.

The fact that we export doesn’t mean we have enough for ourselves, not even close. We operate in a world market, and taking 5% of that production offline is quite a whack.

People also don’t seem to be considering the possibility that these attacks may continue, and the uncertainty about that can add a “fear” premium to prices, which we’ve seen in the past.


24 posted on 09/15/2019 7:19:59 AM PDT by SaxxonWoods (The internet has driven the world mad.)
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To: SaxxonWoods

https://tradingeconomics.com/united-states/crude-oil-production

Production is down a little because wells have been drilled AND CAPPED waiting for a higher price per barrel. That can come on line very quickly.


35 posted on 09/15/2019 8:17:46 AM PDT by jdsteel (Americans are Dreamers too!!!)
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