Have you noticed?
The price you pay for gasoline has dropped.
Why?
It’s quite simple really.
Oil output from Saudi Arabia is at a 30 year high.
Yeah.
It’s exactly like Gil Scott-Heron said on his song 1981 song “B-Movie”:
“What has happened is that in the last 20 years, America has changed from a producer to a consumer. And all consumers know that when the producer names the tune, the consumer has got to dance. That’s the way it is. We used to be a producer – very inflexible at that – and now we are consumers and, finding it difficult to understand. Natural resources and minerals will change your world. The Arabs used to be in the 3rd World. They have bought the 2nd World and put a firm down payment on the 1st one. Controlling your resources will control your world. This country has been surprised by the way the world looks now.”
Saudi Arabia Crude Production Rises to Highest in Three Decades
Dec. 6 (Bloomberg) — Saudi Arabia, the world’s biggest crude exporter, boosted output last month to the most in more than three decades to meet customer demand.
“We produced 10 million and 40 barrels in November because Read the rest of this entry »
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