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re: The irony of funding Ukraine is that the conflict is keeping oil prices high.
Posted on 2/23/24 at 11:01 am to loogaroo
Posted on 2/23/24 at 11:01 am to loogaroo
I did a quick google and oil per barrel was $95.72 per barrel on Feb 1st of 2022. Today it’s $76.92 per barrel.
Go back and check, your thesis is incorrect.
Go back and check, your thesis is incorrect.
2
Posted on 2/23/24 at 11:39 am to doubleb
quote:
I did a quick google and oil per barrel was $95.72 per barrel on Feb 1st of 2022. Today it’s $76.92 per barrel.
Posted on 2/23/24 at 11:43 am to doubleb
I am one of the few on this board that believes the president has very little to do with the overall price of oil, but I found this interesting. This is NOT a political statement for or against any president.
Average monthly US crude oil production by year.
2013 - 227,984 per month
2014 - 267,387
2015 - 287,116
2016 - 269,816
2017 - 284,621
2018 - 333,098
2019 - 374,462
2020 - 345,209
2021 - 342,727
2022 - 362,281
2023 - 391,616
Looking at the price of oil v price of gas, the ratio of the cost to price is MUCH higher than it has been in the past.
LINK
Average monthly US crude oil production by year.
2013 - 227,984 per month
2014 - 267,387
2015 - 287,116
2016 - 269,816
2017 - 284,621
2018 - 333,098
2019 - 374,462
2020 - 345,209
2021 - 342,727
2022 - 362,281
2023 - 391,616
Looking at the price of oil v price of gas, the ratio of the cost to price is MUCH higher than it has been in the past.
LINK
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