Quote:
Originally Posted by Solecismic
I think at this point we need to increase production as quickly as possible and get development and investment costs lower. It's not corporate greed, it's bureaucracy and legal fights driving costs up that's given Russia the ability to do this. We just can't expect the Middle East to bail us out. Or go to Venezuela and expect Maduro to suddenly become our best friend. We are importing about five million barrels a day and that must change.
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In the short term < 2 years, apply pressure on frenemies to increase oil production for the heavy crude. In the long term, help grow the alternative energy (subsidize electric vehicles, build those charging stations etc.).
In any case, oil prices are going to go up in the short term.