Former President Donald Trump had bragged about his success in opening the region to oil production after decades of political fighting over the resources locked under the tundra there.
Former President Donald Trump had bragged about his success in opening the region to oil production after decades of political fighting over the resources locked under the tundra there.
god damn it. what a worthless president. congrats democrats, you get $5 gas while financially supporting Russia and our other global adversaries. Traitors all of you.
Heck yeah it is. I moved a bunch of money into oil when it bottomed out at the start of covid and its more than trippled. The only thing that would have been a better investment was big pharma. That being said, I'd rather that profit stay with US companies and investors than go to Russians, Iranians, and Saudis.
Read the room. Gas is likely going to get much more expensive in the next few decades, and that's probably for the best. If you don't like it then get an electric car.
I'd gladly pay a little more for gas knowing it came from a north american oil well than have the blood children working in african cobalt mines on my hands.
Oil companies themselves are not building wells anymore, or exploring for new ones. Lease auctions are just sitting there with no bids. Very little of it has to do with politics; it's all about the payback not being there in the long run combined with the risk of another bust in the short run. Only the wells with a high chance of generating profit are getting the green light.
maybe, maybe not. They certainly aren't going to try to develop better methods and technology to drill there if there's now no chance to do so. Financially I don't mind $5 gas, I'm sure many people will mind though. I have a problem with conflicting government polices to both fund the fight against Russia, and also ones that will directly fund Russia to fight.