Fuck them. The US produces more oil than they do now. If anyone will be hit, it'll be Asia and Europe.
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Maybe Saudi don't think two steps ahead but given US output, wouldn't US producers welcome a $200 price?
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Yes. Exactly. Fracking only makes sense with high oil prices.
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Let it. Electric cars need it right now.
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It would be devestating in the short run and great in the long run.
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fracking has greatly diminished the need for Saudi oil. Seems overdue for at least one of our two political parties to try to back out of the relationshippic.twitter.com/0s1SomkUWx
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Live look at US Frackers right now:pic.twitter.com/maFMf3QDSm
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Live look at EV makers right now:pic.twitter.com/wl7wBpjQeJ
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Live look at environmentalists right now:pic.twitter.com/EnL5ZUcTb3
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Bring it! Higher gas prices will only hasten the movement to cleaner technologies.
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Sure way to speed up the increase to renewable energy sources and spike sales in EVs
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We can call it a “carbon tax”
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This would expedite the transition off of fossil fuels; bring it on
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That would be the final nail in the coffin for them.
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Should be the black swan event for adoption of sustainable energy. Expect this to be a 5-8 year phenomenon
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Ha, if they had this power ...
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They would have to stop pumping oil to accomplish anything, n’est-ce pas? Can they afford that?
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