U.S. independence will never be secure while we rely on oil
When oil company CEOs say they could supply more energy if only the public, investors and governments stopped talking about the climate crisis, they areThey are like a drug dealer standing over an addictRussian invasion of Ukraine could trigger $8 gas, exposing addiction to oil
As in all good marketing, there is an element of truth. But mostly, it’s spin thrown by a shrinking industry worried about its future. We should resist making long-term decisions based on short-range price forecasts and think about our future selves.and diesel prices, and rightfully so. Higher fuel prices raise the cost of everything.
“Any additional efforts will result in cost escalation, and additional pricing will be required,” she said. Throw in the shutdown at Ukrainian sea ports, severe damage at a Black Sea terminal that exports most of Kazakhstan’s oil, and drone attacks on Saudi Arabian oil infrastructure by Yemeni rebels, and the world is facing energy market chaos.
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