this post was submitted on 19 Jun 2025
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chapotraphouse
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Isn’t it good for the US if oil price rises, being a net exporter of oil? (I’m a dumbass so probably wrong)
Its good for US oil companies. This gives an excuse to jack up prices at the pump even if supply isn't disrupted.
Remember that Americans are car-brained as hell. Gas prices rising due to scarcity will lead to massive price increases in peoples cost of living, which might genuinely lead to popular revolt. Like, Americans are already getting squeezed from all sides, so any increase in un-avoidable expenses is going to have repercussions.