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In reply to the discussion: Krasnov Fucked Up [View all]FakeNoose
(37,913 posts)13. Yes this has been their plan all along
They have to keep the price of oil high enough to cover the costs of fracking. Even back in the 1970's and 80s when the OPEC nations seemed to be calling the shots. They were playing the long-game just as the US oil companies wanted them to. OPEC increased the price of oil & gasoline to American consumers and they became the "bad guys" for doing so. So the oil companies had always held off on fracking until the price of oil was high enough to support the investments.
The longest game of all is to use up the Mideast oil supplies until they run out altogether. THEN who's in the catbird seat? Why the American oil companies, who will charge any price they want. Henry Kissinger helped put this plan together over 50 years ago.
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Yep. There was endless bullshit right wing propaganda about the US losing energy indepence under Biden
progressoid
Jun 23
#27
Kraznov does not want cheap oil, and if he did, the US petrolum companies do not want cheap oil ....
marble falls
Jun 23
#3
No. He wants to be seen as wanting cheap energy because that is what he and his noncritically thinking supporters want .
marble falls
Jun 23
#24
They create their own bottlenecks by 'maintenence' on four or five refineries at a time and raise prices over headlines.
marble falls
Jun 23
#32
Agree. I'm horrified this administration is anywhere near the Treasury with his crypto crap. Book
txwhitedove
Jun 23
#20
We were bamboozled by the oil companies into tolerating frack oil as a necessary evil ...
marble falls
Jun 24
#38
"this showed that while the easy was mostly gone there were huge deposits untouched."
BumRushDaShow
Jun 24
#39
Isn't it amazing how effectively big oil flipped that image of easy oil to no oil and then become the biggest oil ...
marble falls
Jun 24
#41
I also think he'll be sorry he chose to side with Bibi instead of putin... in regards to Iran.
liberalla
Jun 23
#19
He wants to replace the dollar with crypto. Pretty obvious but not (as usual) well thought out. n/t
Evolve Dammit
Jun 23
#29