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It 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.
by greeneggs 6mo ago
It 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 6mo 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 6mo 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 6mo 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...