Posted by: 3429053?
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Archived on: 12/16/2019 10:00:00 AM
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[–] 20602683? 0 points 1 point 1 point (+1|-0) ago
How does this compute? We are net energy exporter, and energy independent now. President just announced he is releasing oil from out reserves to make up the shortfall. If we are independent, then why would there be a shortfall?
[–] 20602976? 0 points 3 points 3 points (+3|-0) ago
Our oil price is the global price! The net shortfall is global, not domestic. The USA can put additional volumes on the global market, so as to hold the available 'supply' steady.
There could be a 'where available' problem, east coast vs west coast.
[–] 20603203? 2 points -2 points 0 points (+0|-2) ago
It's because we are not energy independent nor do we have the infrastructure in place to be. It would take years to get our infrastructure built back up to where we could be fully energy independent.
I