u We only ever bought very little oil from Russia, and not buying it now makes little difference on our domestic supply.
The thing is, though, that regardless of how much oil we produce, costs are determined by the global oil market, not only domestic. That is why oil prices have risen everywhere around the globe, not just in the US.
A lot of countries did buy oil from Russia, so with the absence of that supply on the world maket, there is greater demand for the oil produced elsewhere, including the US. As a result, all oil, everywhere, now costs more, because there is less global supply, even though global demand remains the same.
The fact that we produce as much oil as we do is why our prices are only around $5/gallon, while they are near/over $10/gallon in other parts of the world.
Because our enemies rule our country. There is no other explanation possible for the deliberate destruction going on before our eyes. This is beyond negligence or incompetence. They parade an incompetent buffoon before the public as the source of all our problems, but he is not capable of doing what has been done to us by himself.
Well for one Joe Bidens been working with Ukrain for a long time, he makes money off of oil transactions and even uses his son as a way to push business there
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Easy. Because it's far better to be the last to run out than the first.
"Why were we even buying oil from Putin?"
It doesn't work that way. There is no "we". It's individual companies that buy on the world market. US companies buy oil from over a 100 different countries. It's a world wide commodity with prices reflecting worldwide supply and demand. The exact source of the oil is not all that relevant.
The biggest source of US oil is the US itself. The next largest source is Canada. The majority of US oil come from those two countries. Mexico is typically the third largest source. The rest of US bound oil comes from the rest of the world with smaller amounts split between many different countries.
We only import 8% of our oil from Russia. So saying that anything related to Russia is the root cause of the spike in gas prices is a outright lie. Also that number came from our own government via the U. S. Energy Information Administration. Meaning our current president is the one lying every time he said anything close to It's Russia's fault.
Out of sight, out of mind and a lack of two-step thinking. American don't make the mental connection that we still need fossil fuels, even if we aren't extracting them and that those fuels still need to be processed. Americans just don't want to see the fuels being processed.
Most Americans don't even understand that energy production is only part of what we use fossil fuels for. So even if we were to go all green tomorrow; you'd still have a massive demand for fossil fuels.
Yup... They always have to find some scapegoat to blame but not them. We all know that Biden really is not running anything. He is a placeholder... It is who is really running his administration
I've decided long ago that they're all comedians. Before even the clown Joe was activated.
We’ll use up their oil first and when they run out then we’ll use ours and hold it over their heads. It’s a bit of a long-term play - should take about 130 years or so
No gas prices are up because of speciation oil price and withholding stock to create false scarcity.
Well Saudi princes do enjoy a littledonating millions of dollars to American politicians.
Because Biden wants the industry extinct
it's a political thing
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