United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders.
  • severien@lemmy.world
    22·
    9 months ago

    Converting to green energy can hardly proceed in recession triggered by oil price shock, so this is necessary.

  • subtext@lemmy.world
    24·
    9 months ago

    The demand is gonna be whatever the demand is gonna be. Would you rather the supply be from the United States (with some of the lowest per barrel extracted emissions) or from Russia?

    • CluelessLemmyng@lemmy.sdf.org
      72·
      9 months ago

      Probably because oil exports are high. And prices are up significantly around the globe. Why make gas cheaper for your country when you can make more money overseas?