Disstevefan1
Well-Known Member
Joe is going to stop subsidizing oil and gas so that will for sure drive up the prices. Who knows, maybe we will need to import more, will will for sure stop being an energy exporter.For the industry to be healthy they need a profit. They are losing money today. We cannot lose the incentive to produce anytime soon if you want to keep having all the things that come out of a barrel of oil. Otherwise we are competing against Saudi oil that costs very little to produce (thanks ARAMCO) and our domestic industry suffers so little boys can drive big toys. These prices are not sustainable nor is printing money to prop up our economy. These are short term situations and will need to be adjusted if you want to keep driving that car.
It will be interesting to see what happens when oil begins to climb and all the industry that rely on oil and gas to survive will do. Even regular folks who need to heat their homes or drive their cars may be affected.
This will be interesting to watch for sure. As always, it will be hard to tell truth from myth.