40% Of US Crude Production Offline Just As The #EnergySqueeze​ Meets Surging Demand

3 years ago
2
Crude production green new deal oil production 40% of US crude production offline damage from energy squeeze in Texas Energy squeeze in Texas TX energy bills energy prices

#EnergySqueeze​, 40% Of US Crude Production Offline Just As The Shocked Supply Meets Surging Demand
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#EnergySqueeze​ is what the Wall Street banks have been calling it. We had 40% of US oil production offline and many industry experts warn the damage may be extensive though much of production should be back online as the area thaws. Many experts do expect much of production to come back on like a light however when you close off an oil well during freezing temps it's rare they wouldn't be damaged. This process could take several weeks but the slowdown in crude production will already send shockwaves through the economy. Fuel prices are much more temperamental than silver though an uncontrolled silver run could crush the world economy, the same is true for crude oil.

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