This Reuters article is a good read..
https://www.reuters.com/markets/commodities/is-us-shale-oil-revolution-over-kemp-2022-11-22/
due to an unfavorable climate domestic crude oil production prospects are diminishing allowing OPEC to once again regain control of the market.
Even though US production should continue to climb in the short run.. adverse policy is hamstringing domestic exploration.
Storm clouds are brewing.
It’s a good time to reflect on the next moves given the climate we face. At the crossroads of politics and geo resource supplies.
Is going “all in” on electric vehicles sustainable? Can we obtain enough minerals to convert a majority of the vehicles to battery powered??? |