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[quote=Anonymous][quote=Anonymous][quote]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.[/quote]

It shows that this is a worldwide commodity. If demand is high worldwide and supply is low, prices go up. Sales are global.[/quote]

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.[/quote]

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