I would love to know what percentage of American gas came from Iran. Did we just give gas companies a windfall in revenue when absolutely nothing changed for their production?
Look up a youtube channel called Mr. Global. He used to work some huge oil companies for decades, and ran his own for a bit. He breaks down a ton of this stuff.
For one, Iran is blocking a major shipping route for Iraq, Kuwuit, and Saudi Arabia. Even though we don’t import that much from there, the rest of the world does, and so supply is down, but demand remained the same. For two, the US oil companies are making record oil exports to these other countries that used to get their supply from the middle east.
I decided to search myself. Apparently, due to sanctions, there’s been no Iranian oil sold in the US for almost three decades. So… You’re welcome oil companies.
I would love to know what percentage of American gas came from Iran. Did we just give gas companies a windfall in revenue when absolutely nothing changed for their production?
Look up a youtube channel called Mr. Global. He used to work some huge oil companies for decades, and ran his own for a bit. He breaks down a ton of this stuff.
For one, Iran is blocking a major shipping route for Iraq, Kuwuit, and Saudi Arabia. Even though we don’t import that much from there, the rest of the world does, and so supply is down, but demand remained the same. For two, the US oil companies are making record oil exports to these other countries that used to get their supply from the middle east.
I decided to search myself. Apparently, due to sanctions, there’s been no Iranian oil sold in the US for almost three decades. So… You’re welcome oil companies.
Fixed it for you. There’s no way none of Trump’s planet-destroying profiteer friends are getting special dispensations below or even above the table.
apply windfall profits currently enjoyed by fossil fuel companies to cover the shortfall the GOP claims to need to continue their war against Iran