While Americans pay $5 a gallon for gas and are going to be forced to buy electric cars.
WHAT? We keep hearing that our supplies are low and the reserve has been used up and now some insane low IQ fool is selling off our crude oil.
Article 25!
Our Asian crude sales will come in handy for the Chinese when they invade Taiwan.
>>Asian refiners have booked near-record volumes of U.S. crude to be shipped in August, replacing Middle Eastern oil
If I’m not mistaken, Middle Eastern Crude tends to be higher sulfur than U.S. crude, which may change up the refinery outputs a bit. This change is not just about prices.
I can see Biden putting the for sale sign on ANWAR for China calling it a closeout since we are all going to electric cars. And of course going the other direction, chinese electric vehicle (EV) battery makers dominated the global market in 2022, with six companies featuring among the world’s top 10 players and accounting for a 60.5 per cent share. They used to call this coming and going.
wy69
Its not because of the price of petroleum.
As for California gas prices, its most definitely not because of the price of petroleum.