Monday, December 11, 2023

US produces lots of oil and natural gas. The problem is not that it's produced, the problem is that it's consumed.

Some countries think USA is hypocritical for seeking long term phase out of carbon in COP28 while US is the biggest oil and gas producer. Problem is US is, I think, the biggest oil consumer. I think consumption is more the problem than production.

We produce oil for ourselves and some of our natural gas goes to help Europe ween itself off of Russian gas. Our own oil production helps keep US gas prices from going so high that the cost of gasoline tank's Biden in the polls.

If Trump were to win, in 2024, I would guess he would go before the media and laughingly tear up any COP28 agreement in front of the cameras.

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