“Yes, the Straits of Hormuz are the most important choke-point, if you will, for petroleum out of the Middle East but given the position that we find ourselves in, in the United States, where we’re one of the, we’re the top producer in the world and while OPEC has spare capacity, frankly we have spare capacity,” he said.
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February 27, 2021 at 07:56AM
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Oil prices, Middle East tensions and Louisiana - KPLC
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