OPEC+ and Saudi Arabia’s oil production cuts will impact global oil price and American consumers. While the Biden administration has called these cuts short-sighted, it has failed to plan for the long term and consider the value of domestic production for Americans and global consumers. Short Term Impact Saudi Arabia will unilaterally shut in 1
Read More...The United States is poised to dominate global oil supply despite an expected slowing down of global demand, meaning that U.S. oil production has a sound and prosperous future, according to a recent International Energy Agency report. The new report, which provides a medium-term outlook of the “evolving oil supply and demand dynamics through to
Read More...... … … [Editor’s Note: China let its virus loose upon the world and is now using it to build energy reserves, while pretending to be a renewables leader.] China is considered a developing country for purposes of the Paris Accord and certain trade treatments, despite it being the second largest economy in the world.
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