Toronto Escorts

Oil Jumps the Most Ever After Attack Cuts Saudi Supplies

oil&gas

Well-known member
Apr 16, 2002
12,225
1,622
113
Ghawar
The U.S. could be self-sufficient through nationalization
of its shale oil resources. The government has to drill
the shale rocks like there is no tomorrow and sell the
oil at a loss though.

Ontario could be hit hard too if the outage in Saudi last
longer than say a month. We are a buyer of Saudi oil
as well as their supplier of military equipments.
 

onthebottom

Never Been Justly Banned
Jan 10, 2002
40,558
23
38
Hooterville
www.scubadiving.com
Oil is a fungible commodity, it’s priced globally (Brent, WTI). When prices go up producers make more, consumers pay more.

If you are China and you import your oil higher prices are bad. If you produce about what you consume then price changes are a mixed bag, good for some, bad for others.

Energy costs are like a tax on economic growth, the lower they are the better of growth is the driver.
 
Ashley Madison
Toronto Escorts