• takeda@lemmy.world
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      3 months ago

      People remember gas prices when there was covid and no one was driving. The cost per oil barrel was at one point negative.

      • Jesus@lemmy.world
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        3 months ago

        To be fair, the did get pretty high when everyone started driving and the oil industry has to spin back up after that pandemic lull. Demand outpaced supply.

        And then there was OPEC fucking around, and Russia invading a nation. Even though the US produces more than it needs, the oil market prices were high as fuck.

      • The Quuuuuill@slrpnk.net
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        3 months ago

        Tankers were literally paying people to buy oil because you can’t just stop the pipelines and people forget that lol

    • Jesus@lemmy.world
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      3 months ago

      Which, now that Biden has started to think outside the box and use the strategic oil reserves in creative ways, are the most stable they’ve been in a long time.