US poised to become net exporter of crude oil in 2023

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US poised to become net exporter of crude oil in 2023

flsprtsgod
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12-21-2022, 12:18 PM

1. Oil in fungible.
2. The price per barrel has to be very high to make American exports profitable.
3. Every time it reaches the point that America takes the lead the ME countries open up supply and force the PPP down which in turns shutters American production.
4. Rinse and repeat every five years.

“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Messages In This Thread

US poised to become net exporter of crude oil in 2023 - by The Drifter - 12-20-2022, 12:04 AM

RE: US poised to become net exporter of crude oil in 2023 - by SeldomRite - 12-20-2022, 08:29 AM

RE: US poised to become net exporter of crude oil in 2023 - by flsprtsgod - 12-21-2022, 12:18 PM

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