Cost of fuel...

garysanfran · 03-31-2022, 05:27 PM

The benefit is to the producing countries like Venezuela, Saudi Arabia, Iraq, Russia.

Can't be a beneficiary, if you don't produce.

Maybe the USA should return to #1 exporter and complete independence? Be a win-win for the Home team!

John Mercier · 03-31-2022, 05:46 PM

The oil companies have laid out plans to return capital to investors.
They have laid out that hiring/training new crews and purchasing new equipment will be done on a long term strategic program. No one can make them change.

John Mercier · 03-31-2022, 06:09 PM

Quote:

Originally Posted by garysanfran

The benefit is to the producing countries like Venezuela, Saudi Arabia, Iraq, Russia.

Can't be a beneficiary, if you don't produce.

Maybe the USA should return to #1 exporter and complete independence? Be a win-win for the Home team!

We have never been the #1 net exporter; and we are the #1 producer.

https://www.nasdaq.com/articles/what...Saudi%20Arabia.

03-31-2022, 05:27 PM	#1
garysanfran Senior Member Join Date: Jul 2009 Location: San Francisco/Meredith Posts: 1,496 Thanks: 607 Thanked 635 Times in 324 Posts	The benefit is to the producing countries like Venezuela, Saudi Arabia, Iraq, Russia. Can't be a beneficiary, if you don't produce. Maybe the USA should return to #1 exporter and complete independence? Be a win-win for the Home team! __________________ Gary ~~~~_/) ~~~ ~~~~~~~~

03-31-2022, 05:46 PM	#2
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,059 Thanks: 2 Thanked 533 Times in 439 Posts	The oil companies have laid out plans to return capital to investors. They have laid out that hiring/training new crews and purchasing new equipment will be done on a long term strategic program. No one can make them change.