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Oil Production email this discussion to a friend?

myLot reputation of 91/100. mimico (2852)7 months ago

Saudi Arabia has increased the production of oil to 10 MILLION barrels per day! Oh my God! I didn't realize that we consume that much oil every day. No wonder the supply is going down! Anyway, it's unavoidable to not increase production because prices are just too high nowadays. The shortage of oil supply has caused the prices of other commodities to increase as well, leading to inflation in many countries around the world.

Now that the production has increased, I'm hoping that the price of oil will stabilize for a while. I still think the price per liter will be staggering by the end of the year, but hopefully, it won't keep increasing for now.

 
 
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tags:  oil, price of oil
 
1. myLot reputation of 65/100. OUTBACKBEN (742)   7 months ago

Oil prices will go up and up all because the americans went and upset the balance in Middle East while they refused to explore their own areas of oil.

A bunch of selfish people.

I will try and post my reasons today.

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