Quote:
Originally Posted by Aragorn
Keystone has become a political password nothing else. Zero effect on supply.
Also over 9000 permits available.
Demand is high right now and Russian/ Ukraine situation doesn’t help.
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Absolutely correct. US is the #1 producer of petroleum. Russia is #2. Saudi Arabia #3. Now that most (maybe all?) of Europe is cut off from Russian oil, imports from the US help fill the void. And the price is higher. And the profits are higher to sell the oil in Europe than in the US where it’s produced. That’s how the invasion of Ukraine is impacting our fuel prices. Like it or not, it’s all globally linked.
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