The new decision from the Biden administration has decided to drop the prices down by releasing 50 million gallons of gas into the market can this be the solution from the market.
what happens next? If, we depleted our resources asap, as you know that the energy resources the model where was determine that by 2050 the petroleum would disappear from the planet earth leaving enormous problems to humans.
Us government has decided to make this move due to a small increase in prices, however with an economy that has a 6% inflation that can be dangerous because when we start buying the resources from other countries prices could rise up to $20.00 per gallon.
Now many thinkers of these nations are betting to start using our reserve when is not really affecting our economy.
Opec, will be happy with this move they hold the biggest reserve so this move will make them richer, simple math they will slow production so the price will increase due to the pandemic that can be the correct effect that big rigs are waiting for.
Since they have had resources for the past 40 years of flourishing of money in their bank account. The only solution for us is to start producing massive electric vehicles however the applications that already exist are too expensive and not really reliable.
A meeting was held today by the opec due to us move
can OPEC slow down on putting more gallons in the street, that would be a cray move that will create a domino effect on oil production due to disruption from us using their reserve?
Now that could be a move for china more gallons will be going to China and empowering their agenda.
OPEC can decide to sell oil not in us dollars but in bitcoin as well, That will create an unstable market and flaws could appear the same as the car factories in us.