Oil Prices Will Go Down With U.S. Overproduction in America
Oil Prices Will Go Down With U.S. Overproduction in America
Rarely there are good news for the American consumers and the free world.
These is a positive move from the U.S. oil companies like Exxon Mobil refinery and others pumping petroleum from the ground right now.
They knew that over feeding the oil market will bring down the Russia and Saudi Arabia crude leadership and therefore the oil price too.
The U.S. oil producers began cranking out a records of 10.5 millions, 12,5 millions and as yesterday they got the magic amount of 13.3 million petroleum oil barrels a day, this way the petroleum oil competitors lost their leadership and their oil prices control.
No need to worry anymore about who will provide crude to the American refinery with tanks, that urgent need in 2022 is over now.
Comments
Right now July 22 2024 the oil prices remain the same and the United States produces far more oil than before, it is actually the top oil producer in the world.