If gas was not going to be restricted for the US, and net exportable to

Europe by June 2022, would Putin have even invaded the competition?

I don’t know. But let’s say he would have anyway, then, if KXL had moved forward, would prices have come down by June 2022 instead of June 2024?

That’s 830,000 barrels of oil delivered per day when it comes online. That is insurance against ransom.

My guess is that Putin took advantage of the situation to remove the competition. If the US stops buying Russian oil and has to replace that source from around the world at prices above $130/ barrel, Putin is enriching Russia selling his oil to China. With traders speculating price to go to $200/ barrel in 2022.

Putin gambled and won. If no one takes the risk again to invest in Ukrainian energy exploration and extraction, he has zero competition, at least in a large part of the world. China isn’t going solar anytime soon, unless it’s to sell panels in the US.

In response to this post by CapeAnnHokie

Posted: 03/07/2022 at 7:06PM

Some comforting gas price news here in the Old North State - -- PhotoHokieNC 03/07/2022 3:59PM

We’re being taken advantage of by the old coot at 1600 Penn. Ave, NW** -- B777Fr8Dog 03/07/2022 5:32PM

The price gouging was caused by shutting down the Keystone pipe line -- mlewisr 03/07/2022 5:14PM

^^THIS^^ ** -- HOKIERIT 03/07/2022 6:58PM

Fact: As of 2022, US oil production is just under 12 million barrels a day, -- carhokies 03/07/2022 5:38PM

Keystone XL would not have been completed yet even if Biden had signed off ** -- CapeAnnHokie 03/07/2022 6:26PM

People like the ones in this topic don't care about facts. They want to -- AbsolutVT03 03/08/2022 9:35PM

If gas was not going to be restricted for the US, and net exportable to -- reconhokie 03/07/2022 7:06PM

Couldn't they reduce the state gas tax temporarily? Seems like something -- FlintMS 03/07/2022 4:33PM

Then the highway maintenance funds get shortchanged -- KeithHokie89 03/07/2022 6:19PM

I mean that sounds good but I think the people skimming off the top would -- FlintMS 03/07/2022 7:55PM

But then the state wouldn't benefit from the increased prices. -- MP4VT2004 03/07/2022 4:42PM

I think it's a flat rate per gallon in NC ** -- FlintMS 03/07/2022 5:47PM

Lol. ** -- ColoVT82 03/07/2022 5:31PM

I assume the state's revenue is hurt by higher prices since most gas taxes -- radhokie1 03/07/2022 4:59PM

I completely agree but have no idea why. ** -- PhotoHokieNC 03/07/2022 5:37PM

Yeah, I think you are correct. ** -- MP4VT2004 03/07/2022 5:05PM

Act of legislature alone. Not that that stopped anybody overriding that. ** -- PhotoHokieNC 03/07/2022 4:37PM

That’s the problem. Greedy price gouging gas station owners. ** -- RoswellGAHokie 03/07/2022 4:09PM

Not when crude hit $130 a barrel this morning -- fordham 03/07/2022 5:01PM

Yeah, I heard on an economist podcast we were approaching Venezuela -- Tafkam Hokie 03/07/2022 5:36PM

I heard that too. And now we are acknowledging the actual president, not -- NokieHokie 03/07/2022 5:39PM

For all we know, Putin is working for them. TIC ** -- MP4VT2004 03/07/2022 4:16PM

"In Russia, gas pump you." ** -- PhotoHokieNC 03/07/2022 4:37PM

You betcha. ** -- PhotoHokieNC 03/07/2022 4:11PM

AG's aren't known for their proficiency in economics. ** -- Major Kong 03/07/2022 4:09PM

If gas was not going to be restricted for the US, and net exportable to

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