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Oil and gas prices are too low...


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8 hours ago, spin_dry said:

Too many emerging oil markets for this to have any real effect. I paid $2.78/gal yesterday. 

$2.98 

5 minutes ago, sleepybrew said:

3.59 here

you're getting f'd 

but, population density 

https://www.gasbuddy.com/gaspricemap

Alaska seems high 

Screenshot_20231202-070434.png

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2 hours ago, Crnr2Crnr said:

Saudi Arabia’s Plan to ‘Artificially’ Boost Oil Demand 

https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Plan-to-Artificially-Boost-Oil-Demand.html

 

The Saudi’s plan is doomed. Too many emerging markets such as Africa, Iraq, and Iran. There’s also Russia’s fleet of shadow tankers that continues to flood the market. New technology continues to find readily available resources. The green movement, while scaling back, remains another block to their plan. The more solar, wind, and battery storage facilities America builds, the more petro it sells around the world. OPEC couldn’t even agree on a pseudo embargo to retaliate against the Israeli war. 

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