this post was submitted on 31 Mar 2026
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The US has its own oil supply, but that won't prevent rising prices. If you are an oil company in Texas and you can choose between selling domestically for 100$ a barrel or internationally for 200$ a barrel, of course you're preferably going to sell to the foreign market. The domestic prices will keep pace until the total cost of shipping the oil abroad exceeds the extra money to be made there
And that isn't necessarily bad for America. Oil companies are going to make tonnes of money. Only the working class that has been forced to rely on cars will suffer from higher oil prices. So long as the money isn't hurt, America isn't hurt. Who cares about the pesky peasants?