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
- Musk's antics likely causing Tesla's woes
- Old English "Kenning" means "Whales Road" or the Sea
- We woke up to about 4 inches of snow outside our hotel room
- Measles outbreak surpasses 350 cases and is expected to keep growing
- 'I'm worried it's getting worse': Texas measles outbreak grows as families resist vaccination
- Multistate measles outbreak crosses 450 cases
- Chilling video shows the moment Israeli forces open fire on a convoy of emergency vehicles
- Tesla showrooms have attracted protesters in 100 or so cities across the US, eager to let passersby know their feelings about the chainsaw-wielding Musk.
- ‘He broke barriers’: One of the last survivors of elite group of paratroopers died. He was 108
- Mt. Shasta tourism was the highest ever for winter skiing and such BEFORE Trump was inaugurated
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