At least in the short term. So, primarily because of the interests of Saudi Arabia (remaining a viable government and state) and the U.S. (not wanting to fight with Russia or Iran), the U.S. continuing to be the biggest exporter of oil (in the short run of 1 to 2 years or more) is likely in the interests of the U.S. economy.
However, in the long run we also need to conserve our oil in the ground for future needs or wars worldwide. So, there is a balance to be met here as well. So, finding that balance likely will be the hardest part of all this. However, for now, the economy is one of the fastest growing economic engines on earth specifically because of low oil prices.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- EMP: Electromagnetic Pulse: "God woke me up to write this for you Christmas Eve 2011" It seems to be important now as well
- Autonomous Self Driving Cars (like the ones just set on fire from Way-mo in Los Angeles Riots and demonstrations)
- Newsom confronts Trump with a potential blueprint for Democrats
- The latest on Border 2 Fire near San Diego and the Mexico Border
- This history of West Sacramento Documents diseases like Smallpox brought to Native Americans from Europeans coming to California
- Top Iranian commander killed in Israeli airstrike on a consulate, Tehran says
- CDC ends Covid vaccine recommendation for healthy kids and pregnant women
- Dow futures jump 600 points after Trump says he doesn’t plan to get rid of Fed chief: Live updates
- Netflix streaming is back online after daylong outage
- Surviving Becoming Enlightened
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