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But it gets traded globally. That means if the price goes up in Asia, it also goes up in NA.
by Mashimo 7mo ago
But it gets traded globally. That means if the price goes up in Asia, it also goes up in NA.
- greeneggs 7mo agoIt doesn't have to be traded globally. The US could ban oil and gas exports, and that would decouple local prices from the global market.
- Erem 7mo agotbh I’m kind of surprised the admin hasn’t enacted export tariffs on oil and gas already to take the pressure off car owners. Wouldn’t do anything to the prices of imported products since the entire intl supply chain would be subject to even higher prices, but would reduce pressure at the pump
- energy123 7mo agoImports into the US will experience inflation regardless. Semiconductor imports from East Asia are one example, since they depend on helium and energy from the Gulf.
- frm88 7mo agoWhy the US can't use its own oil: it's the wrong type. https://blog.drillingmaps.com/2025/06/this-is-why-us-cant-use-oil-it-produces.html?m=1 https://blog.drillingmaps.com/2025/06/this-is-why-us-cant-us...