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.
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.
I’d rather the “profits” stay in the pockets of every American citizen
See, that’s where we’re different. You pretend to be upset about Americans paying more at the pump, but are actually selfish and only care about a handful of Americans getting richer
Russian oil is down 24% YOY
https://www.barrons.com/market-data/stocks/rosn?countrycode=ru
Yep, that’s because the major oil buying nations realized they couldn’t survive without buying some Russian oil, and signed an agreement to only buy it for I think it was exactly 25% under current market value. So if this war ever ends I’m sure Russian oil will rebound. If countries had stuck to their promise to never buy Russian oil it would be way lower than that.