I believe what most people don't understand, is that it is not only about what we pay for gas.
The annual world oil revenue amounts to $4.3 Trillion per year, based on 2023 numbers. It is a major contribution to the economy, in terms of jobs, exploration, refining, distribution, technology and more. It is one of the world's most important industries as far as the economy is concerned and employs over 65 million people. The US and Canada has an abundance of natural oil and gas resources, which if explored can add to GDP, bring in additional taxes and reduce the need for debt and printing of currency. It helps with everything in the economy, from the strength of the Dollar, to inflation and all aspects of the economy.
On a different level, the US also has an abundant availability of natural resources, which are not used to our advantage. Those include steel, copper, lead, uranium, and more.
We gotta be the highest in the country ,
if not we're definitely up there .
Filled up my car yesterday for $2.73 premium .
I think the regular was $2.53 .
Not cool .
I hear by the end of the summer they will be over $3 here .
Yay , I can't wait !
