to be fair US is net exporter now

oseityphelysiol 8 hours ago | parent | next [-]

Doesn’t matter much in this case as US consumerd are still affected by the price rise same way consumers in a non-exporter country would be.

I guess what matters is that the increase in revenue largely stays within the country, but that doesn’t help consumers directly.

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voxic11 8 hours ago | parent | prev | next [-]

net exporter of petroleum products, US is still a net importer of crude.

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epistasis 8 hours ago | parent | prev [-]

Being a net exporter is completely irrelevant when prices are set globally. Such a statement is like shining a laser pointer to distract a cat, fun, but meaningless.

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7 hours ago | parent | next [-]

[deleted]

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newsclues 7 hours ago | parent | prev [-]

You do realize some net exporters subsidize their domestic supply to keep the people happy?

	▲	epistasis 4 hours ago \| parent \| next [-]
		Do I realize that? I know we pay a fuck ton of tax subsidies to oil extractors, but the only people keeping happy are the small "mom and pop" oil producers that eat up all that subsidy. Prices are still set on the international market, that subsidy does not affect prices. Or, do you have some other subsidy that brings down the prices that consumers in the US pay? If so, name it! If President Trump–who is so deep in oil & gas special interests that he has decided that US Taxpayers need to pay nearly $1B to cancel a wind power project–is going to start doing export controls to keep oil prices down, well then he runs into the problem that we export and import a ton to get the right type of crude in our refineries. If he is going to start subsidizing oil consumption, well, my god we are in for a wild ride on the economy and deserve all the misery that it will bring.
	▲	alphawhisky 7 hours ago \| parent \| prev [-]
		That means they're passing the cost onto the whole world. The US is making this war everyone else's problem and it's ruining foreign affairs and good standing with the world.