You are viewing a single comment's thread from:
RE: U.S.-Saudi Petro Dollar Relationship Fueled the U.S. Empire
I wonder how US oil production surpassing Saudi Arabia will play into this. I've heard it's higher quality oil, and if you look at the charts it's also much cheaper than Saudi oil. Maybe the dollar is being decoupled from petrol on purpose, because it's no longer necessary?
https://oilprice.com/Energy/Crude-Oil/US-Oil-Production-Is-Set-To-Soar-Past-12-Million-Bpd.html
Looks like US oil is actually cheaper than almost anywhere else, except Canada.