More Oil and Gas Wells Can Reduce Inflation - Mineral Royalties

Drilling more oil and gas wells can help us save money and fight inflation. It's true! Here's a simple explanation using a concept we learned in high school: supply and demand.

When there's more supply and demand stays the same, prices tend to drop. So, by drilling more wells, we increase the supply of oil and gas. When supply meets or exceeds demand, prices start to come down.

Think about it this way: Lower oil prices mean cheaper gasoline, diesel, and refined products. That means affordable travel and shipping costs plus anything made with plastics, which is great news for our wallets.

Lower costs of natural gas, used in manufacturing, can lead to cheaper production. And when manufacturing costs go down, the prices of goods made with natural gas also decrease, like food and medicine.

Here's the best part: Lower natural gas prices mean lower heating bills and cheaper electricity. More money saved!

So, by drilling more oil and gas wells, we increase supply, lower costs, and fight inflation. Cheaper energy means cheaper transportation, cheaper products, and lower utility bills. All of this leads to more money in your pocket!

Remember, it's all about supply and demand. Keep an eye on those wells because they hold the key to a more cost-effective world!

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.