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peakoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peakoil.com Daily Mail and Mail on Sunday newspapers.

The Status of Global Oil Production (Part 1)

Could it be that there is a politically less appealing but a more realistic explanation for what is causing high oil prices?

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Transcripts for FOXNEWS Your World With Neil Cavuto 20240604 20:11:00

independence. we ll be dependent on china who will have dominated the battery part of this equation. we are we doing it like there? china decided ten years ago that they wanted to dominate this market. they said we have an authoritarian regime. we can force electric cars done the throats of the chinese people. so they dominate the market. the hope is that the u.s. with its mining resources will compete. the problem is, we don t like mining in this country. yes don t like coal miners and we don t like the other mines. when you open more mines, that will get environmentalists upset as well. it will be tough anyway you go. we have to strip mine the world to be what the west wants. a lot of rich feel that feel good about themselves, the rest of the world is strip mined and waters are poisoned and this is the equation that they want but it s a bad deal. thanks, jeff. appreciate it. this modest production increase,

U sMining resourcesDon tCoal minersProduction increaseJeff flock

Transcripts for MSNBC Way Too Early With Jonathan Lemire 20240604 09:34:00

saudi arabia up to a few months ago when russia s invasion of ukraine pushed energy prices up high and put the administration in a place where they needed help on oil. i don t know that we will hear an announcement. both with the u.s. and the saudis, have said that is not imminent. but in the coming weeks, there might be a production increase on oil. what effect it will have on gas prices for americans back home, we ll still have to see. justin, walk us through what you think administration officials are saying about the trip and the president was asked in a news conference yesterday and says his views ton are clear but he didn t commit to bringing it up face to face with the crown prince. yes, and so that s an indication that i think the u.s. is interested in turning the page here. and the president doesn t bring up the situation directly, that s something the crown prince has pretty directly said that he wants to move past as well. we didn t know until today that

U sSaudi arabiaEnergy pricesGas pricesProduction increaseNews conferenceCrown princeFace toDoesn t