User:Conservative/oil
Post Israel vs. Iran war oil prices
- Oil is falling so much itâs now cheaper than it was before the Iran-Israel conflict, June 24, 2025
In 1988, Operation Praying Mantis destroyed 50% of Iran's navy in 8 hours (See: America Obliterates Half Of Iran's Navy In 8 Hours! - Operation Praying Mantis).
West vs. OPEC
- Is A New Oil Price War Between The West And OPEC About To Break Out?, OilPrice.com, June 2025
2025: OPEC increasing oil production
US oil production
Capitalism/Economics 101: The cure for high oil prices is high oil prices. Drill, baby, drill. "The US can ramp up oil production relatively quickly, with the time from increased drilling activity to increased production averaging about six months, especially for short-cycle tight oil."[1]
"We have more than enough ability in this country to produce enough oil to make up for the percentage that we buy from Russia," said Sen. Marco Rubio, R-Fla., during an interview on March 6, 2022.[2]
Donald Trump and oil prices
- Trump's likely first moves on US energy policy, Reuters, 2025
Oil charts
Oil: price of crude chart:
- Oil price charts, Oilprice.com
- Crude oil price, TradingEconomics.com
- Crude oil futures chart. Google.com, chart
- Crude oil price chart, DailyFX.com
- Crude oil price chart- updated monthly
Russian oil
- OPECâs Waning Influence and the Weak Outlook for Russian Oil, Russian Post, October 1, 2024
Russian crude oil production
Urals oil
- Urals Oil Price, TradingEconomics.com
Russian oil: Lower future production/profits due to future higher extraction costs and other inefficiencies
Are we running out of oil?
- Are we running out of oil?, Penn State University
âThe stone age came to an end, not for lack of stones, and the oil age will end, but not for lack of oil.â - Sheik Ahmed Zahi Yamani, the longtime Saudi oil minister and a key founder of OPEC