In the oil market, a disruption anywhere is a disruption everywhere. Energy independence is a nice political slogan — and an economic lie.
Except energy independence is 100% viable when you switch from oil to fucking renewables
Doesn’t really make sense since the US is now a net exporter.
If they really need oil, they can just sell less.
That would work with state owned industry, but US has a private oil industry that’s going to sell oil where it’s most profitable.
If things get bad enough, the gov will intervene, as they have done many times before.
Likely
Lol
Let’s pray Saudi Arabia weaponizes oil one more time.
Seems pretty likely given that they hate Biden and they know that high gas prices are a huge election issue in US.
puts on tinfoil conspiracy hat
Ackshually, this Israel-Palestine conflict was all a setup planned by Trump and the Saudis at Mar-a-Lago so they could have an excuse to get OPEC to raise the oil prices and get Trump elected.
It’s all part of the plan. Deplete the reserves, create a crisis, have no choice but to open more extraction operations, oops those pesky indigenous are getting uppity, oops more militarization of police right where we need it to repress rebellion