> They don't. The US dollar isn't exciting enough for them to go out and pump oil. They do, in fact, pump oil for US dollars right now. They obviously have an

> They don't. The US dollar isn't exciting enough for them to go out and pump oil. They do, in fact, pump oil for US dollars right now. They obviously have an incentive for prices to rise, and they’re a cartel. OPEC colluded to raise prices. Of course, we also have treaties that say when the do sell their oil it’ll happen in USD. > they will note that at some point they will be paying for even higher prices Yea but that’s ok when it’s not an election year and inflation isn’t raising other expenses. Or, just play chicken and hope that you can last until the next political party takes office, then they look bad for raising prices. > it will be even worse Not if it’s done slowly at a time when the demand is lower or supply is higher.