| ▲ | energy123 a day ago | |
Isn't the US self-sufficient in both oil and natural gas? Most impacted is East/South Asia, second most is Europe, then US is the least impacted by far, although the US will experience inflation on imported goods. | ||
| ▲ | a_paddy a day ago | parent | next [-] | |
The US produces a lot of light crude from fracking, however the refineries were built to process heavy crude. Therefore the US still needs to import heavy crude to meet demand. | ||
| ▲ | toomuchtodo a day ago | parent | prev [-] | |
There are no export restrictions, US oil consumers compete with the world to purchase US oil. https://www.cnn.com/2026/06/12/business/cushing-oil-inventor... | ||