If you read the article, they are blaming Biden for doing the same thing as Trump, speak "using US troops to take the oil".
During its first month in office, the Biden administration did not reverse its predecessor's policy of keeping troops deployed in northeastern Syria to "keep the oil".
Even if we cut the production by 90% the US would still get it for the same price as before. You can't demand a higher price if you only have one customer who also can choose not to buy it from you.
Ornage man's 4 weeks out of office. I wonder how Biden will blame Trump for this decision.
If you read the article, they are blaming Biden for doing the same thing as Trump, speak "using US troops to take the oil".
Well dah. Did you think the u.s. wants to pay for Alb bitumen?
They do for a discount.
Hard to demand a discount if you can't get it at syria or saudi rates elsewhere.
They don't need to demand a discount. They are the only ones buying it, thus they are dictating the price.
Then stop producing like it's selling for $100 a barrel. He who holds the barrel wins.
Just look at Texas electricity rates once supply got cut off. He who holds the wire can charge $9/kWhr
Even if we cut the production by 90% the US would still get it for the same price as before. You can't demand a higher price if you only have one customer who also can choose not to buy it from you.
No surprise here. :(
Syria will become one of the U.S states eventually.