all 3 comments

[–]TemporarilyDeceased 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

With Russia being the second largest oil producer, everyone who was dealing with them is looking for other places to buy. This is a huge increase in demand for non-Russian oil. If US prices stayed low while Europe's prices rose, European countries would buy substantially more US fuel and we would run into availability problems. High prices are bad, but at least it's available.

[–]raven9[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

In 2019 there was more oil and gas produced right here in the U.S. than we consumed. That is energy independence. The rest of the world should be sqabbling over gas prices, not us but they are keeping our domestic oil prices linked to the global price so they can reap huge profits every time there is an oil crisis in the Gulf or elsewhere. It is a racket.

https://www.eia.gov/todayinenergy/detail.php?id=43515

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Come November 8th we will remind Biden about it.