The U.S. can't isolate itself from global markets so whether it buys its oil from the Middle East or not it will be exposed to the same supply conditions of the market and the same price conditions of any other importer.
The U.S. can't isolate itself from global markets so whether it buys its oil from the Middle East or not it will be exposed to the same supply conditions of the market and the same price conditions of any other importer.
But this particular incident is probably going to raise questions that maybe some product stocks would be in order. I'm not sure that anyone anticipated the kind of devastation we've seen in those refineries.
People are saying 'let's take a second look' at nuclear power. Rising oil prices means nuclear is becoming more economically attractive, and gas prices are a second kick in the pants.
The good news is that China, India and Indonesia don't much like pollution either... but they've got to deal with the politics of energy development and pricing,
As Indonesia confronts its subsidies, and as other countries begin to move prices closer to market levels, it takes some of the incentives for smuggling out.
I think Russia has made a serious mistake. It has demonstrated its willingness to use its gas as a political and economic tool.
The noblest exercise of the mind within doors, and most befitting a person of quality, is study.
I don't think even OPEC likes to see prices at these levels. It's not in their interest.
© 2020 Inspirational Stories
© 2020 Inspirational Stories