Quote:
Originally Posted by Sliver
That's not a facepalm. It's 2022. Venezuela, Iran and Saudi Arabia are way less of a threat to the world order than Russia.
Also, on Iran, Trump abso-fataing-lutely fataed them on the Iran Nuclear Deal. I'd say the USA owes them an olive branch for that disgrace.
Is the US's domestic production still increasing? This could be a stop-gap on the way to independence, too. Plus it may be a good time to negotiate with those other countries while Russia is pre-occupied.
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<a href='https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart'>Source</a>
I'm not sure they can get much above the previous peak. Shale-oil requires a lot of drilling, and they've depleted the best areas. Though at $100/barrel a lot of marginal drilling opens up. Still, those wells don't have much longevity.
Stable plentiful supplies where projects last decades, like Venezuela and our oil sands are a better place to invest.