Posted on Sep 19, 2019
Oil guru Dan Yergin: Saudi strikes would've been 'more panicky' if US output wasn't so strong
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Thanks to America’s innovation and technology America is one of the top energy producers in the world. The Democratic candidates want to end expansion of oil exploration, end fracking and restrict oil production. Those policies would make America dependent on foreign oil suppliers again and create ever fluctuating gas prices. Consumer goods would cost more and gasoline prices would rise. How does the Democrats energy plans help America?
Oil guru Dan Yergin: Saudi strikes would've been 'more panicky' if US output wasn't so strong
Posted from cnbc.com
Oil and Energy
Democrats
Republicans
Posted 5 y ago
Responses: 4
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Well said! I put six post retirement years at Baker Hughes, Inc. out of Houston, Texas. We revolutionized fracking from gas to oil exploration. Those were the good ole days!
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Remember when the Saudis cut production when President Obama was in office? Gas went up top almost $4 a gallon. Know what happened after SA was bombed by the Iranians and President Trump is in office... nothing to gas prices. It's called energy independence!
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California is threatening to ban all fracking. More than 40,000 would be unemployed. Consumer costs would rise dramatically eliminating all the economic gains enjoyed since fracking was introduced. Will this deter anyone in California? Yes, that was a rhetorical question...
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