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We…..Are…….Demand!
“Become the change you would like to see in the world” — Mahatma Gandhi
All the talk is about Supply! Supply! Supply! Oh, what will happen when the supply of Russian oil is cut off? We need to replace the supply, quick, maybe from the Middle East, maybe from South America! Oil is going to $200 as barrel, maybe $300!
Not if we, WE, decide to lower demand, one by one by one into the millions and then tens of millions, demand will go down. As stated in the prior column, watching the suffering in Ukraine brings tears to my eyes. Seeing the bravery of the Ukrainians is simply amazing and inspiring.
All praise to the Allies coming together. Great for NATO becoming ever more resolute. We now have an international war taking place in Ukraine. The free world, democracies, are aligning against the short, bully, out of touch Putin.
It was just announced that President Biden will ban the importing of oil from Russia. This was done, in part, due to actual bi-partisan efforts in Congress.
In times of war, the call is always for more drilling, for opening up oil and gas fields. The calls from those within the petroleum industry and the politicians that take their money, are always in times of international tension around the global supply of oil. In times of challenge? Drill baby drill! While that may feel good and with…