To ujm re updated geopolitics of oil. You are correct that my information about major oil producers and international markets for oil are 10 years old. But I did some checking today, and I believe that the US still cannot materially influence the world price of oil. We may have large reserves, but the cost of getting the reserves out of the ground is high relative to the price of getting Saudi reserves out of the ground, and so there is no short-term solution for easing oil or gasoline prices.
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