I can explain it, but I use words rather than memes, so you probably wont get it....
Oil/gas is a "world" commodity.
Even if we have a great supply here, global shortages raise prices around the globe. And we live on the same globe.
Russia is a major supplier (12% of the world) and they are at war (because Biden was too weak and frail to stop them)
Iran is trying to shut down the Strait of Hormuz where 20% of world oil passes through, by attacking ships
And The Houthis (armed and trained and controlled by Iran) are now attacking ships coming south out of the Red Sea thru the Bab el-Mandeb Strait (another 5% of world supply).
Venezuela has 17% of the proven world oil reserves, but only produces about 1% of the world supply because communism destroyed their growth and efficiency. Like the democrats DSA are trying to do here.
Iran is trying to shut down the Strait of Hormuz where 20% of world oil passes through, by attacking ships
And The Houthis (armed and trained and controlled by Iran) are now attacking ships coming south out of the Red Sea thru the Bab el-Mandeb Strait (another 5% of world supply).
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.