- Feb 22, 2017
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Why are energy prices sky high then?
sigh....because oil and NG are global commodities and the price we pay depends on how much is being produced all around the world, not just in the US. Many parts of the world are still behind where they were prior to COVID. Saudi Ariba for example has not gone back to pre=COVID levels since slashing them after Trump threatened them into doing so.
Plus there is the embargo against Russian oil and NG.
This is pretty basic stuff