baranja wrote: Yes, I am sure. If you follow US politics especialy John Kerry for the last 10/15 years, you will see that he is the main guy for petro-dollar standard and he had many interviews stating that Iran sanctions will endager perodollar standard. Just look it up, google it. John Kerry petrodollar. HE is there to negotiate continuation of petodollar and access to Irans oil and NOTHING ELSE.
US is not even close to produce significat amount of oil. Again look it up.
Texas is the main producer of oil with 3.5 millions of barrels per day. The rest of it are shale. I believe shale is not producing anything significant (not to mention that you need oil at $90, to make it economical..) Look at shale sand producers or service companies and you will see they are all strugling and have no income period.
Anyway, if you realy believe in those tales,
offical number of US crude production is about 9 millions of barrels per day. .. again look it up.
Also, the US needs 19.9 millions of barrels of oil every day.. look it up. is is widely availabe data.
So over 10 millions of barrels needs to be imported.
I know they milk Alberta for 3 millions of barrels, but the rest of them must come from the rest of the world.
Biden is begging big time.
bttmfischer wrote: Are you sure about Biden "begging" Iran for cheep oil?
US is now a NET EXPORTER OF OIL, beside they can, and do buy discounted oil from Canada,
which they can turn around and sell at a profit.