4 ms·

It means the us gains a lot from high prices. Different people see different effects of course, if you are not invested in oil it hurts.

• amanaplanacanal 6mo ago
  US oil companies gain, you mean.
  • bluGill 6mo ago
    Most are public so my 401k gains. Oil companies will expand in this scenario and those new employees pay taxes, both which benefit everyone in some way. I drive an EV so I gain. Though most lose more than they gain, this isn't a complete loss for anyone.
    • hebelehubele 6mo ago
      > those new employees pay taxes, both which benefit everyone in some way. The too-big-to-fail companies and Trump's cronies, you mean?
    • maleldil 6mo ago
      Why would an increase in oil prices translate to new jobs? The price increase has no relation to value added, only to global scarcity, so there's no need for new jobs.
      • bluGill 6mo ago
        The price increase, and the anticipation of the price increase, means that if you have the ability to produce oil, now would be a great time to be drilling wells. Of course, you have to consider the late time between how long it takes to drill a well and get production versus how long you think this will go on. Still, it's a reasonable investment that the oil business should be looking at right now.