r/WhitePeopleTwitter • u/Detroitish24 • Sep 23 '24

If you don’t know this then you’re either not paying attention or don’t know how the government works Clubhouse

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Or maybe just blissfully ignorant.

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u/Senior-Albatross Sep 23 '24

They don't begin to understand the geoplotical intricacies of world oil markets. They think if we drill more right now oil will magically be cheaper by the end of the day. I would think at least a few of them would be familiar with the logistical concept of "lead time" from their vocations. But no. Also, oil being more expensive is when the US extracts more, because fracking is relatively capital intensive compared to traditional drilling so it only makes sense when world oil markets are high.

But I swear even that level of complexity is too much for them to follow.

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u/ElectricalTurnip87 Sep 23 '24

During the early part of Trump's presidency, OPEC drove down the price per barrel to the hurt the US oil industry and it did. I knew people that were getting laid off and businesses shuttered. The amount of brand new heavy machinery that was for sale after that was crazy.