New CX-30 first fill

[trollbait]

There is more going on than reduction in oil production in the US. And part of that is investors in fracking companies want to see dividends, and not continually invest in new wells until the barrel price is below cost. Several fracking companies were filing for bankruptcy before the pandemic.

The Gulf area petroleum infrastructure probably still isn't back to 100% after Ida and other hurricanes. So US drilling wouldn't help supply there.

High natural gas prices in Europe have industries there switching to oil for energy. That and increased driving after shutdowns have driven up oil demand.

[Airstreamer67]

Well, the price per barrel of oil is in the mid-$80s today. Gasoline currently is about $3.40 per gallon in the US, and I saw today some place in California was selling it at Euroesque $7 per gallon for some California reason or other.

It will be interesting to see how the Green New Deal policies being implemented in the US will play out on the price of energy and, by extension, gasoline at the pump that we pay in the future. Even Green-leader Europa is considering restarting some coal-fired generating stations they haven't yet dismantled and praying for a warm winter and Russian gas from their brand-new pipeline just approved by the US.

As the song goes, The Times They ARE a'changin'.