| Well, looks like everything is solved today! |
The administration signaled TACO today |
Don't |
| They're not going to be able to just hit the undo button. Pure fantasy. |
| Trump's decision to bomb Iran is now the greatest windfall to the Russian war effort on record. If it continues, it might save the Russian war economy. |
What are you saying? Is Trump being paid by Putin to raise oil prices? Trump has full immunity! |
| This incident is yet another reason why we need to kick Republicans out and work harder on renewables and new tech rather than remain stuck in the past and dependent on fossil fuels. |
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Virtually all US oil comes from the US (domestically produced), Canada, Brazil and Colombia. We only get around a single-digit percentage of our oil via the Strait of Hormuz.
The fact that prices have gone up dramatically more than that single digit Gulf percentage can account for shows how broken and corrupt and susceptible to gouging the oil industry is. |
It shows that this is a worldwide commodity. If demand is high worldwide and supply is low, prices go up. Sales are global. |
+1. It never ceases to amaze me how little “conservatives” know about the economy they care to champion so much. Supply crunch? Prices go up. Capitalism 101. |
DP. Supply is not low in the US. We produce a lot more oil than we consume. Seriously you could just ban the exports of refinery products and US gas price would be under a $1. You could expand and make it so once domestic demand is met refineries can sell on the world market. Sure it’s socialism maybe communist but it could easily be done. It’s not like Trump and the Republicans have not done similar market manipulations and demanded equity shares of private companies. This is just a small step. |
| They said regular gas may hit $6.00 because Trump cut off the world supply. |
If Trump puts an end to the SUV, even if unintentional, he would be the greatest president of the 21st century. |