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re: Europe Emerges As Key Buyer Of U.S. Strategic Petroleum Reserve Oil
Posted on 4/27/26 at 6:33 pm to Jim Rockford
Posted on 4/27/26 at 6:33 pm to Jim Rockford
quote:
You suggesting we force them to keep buying our debt at gunpoint? Let me know how that works out.
I was wondering the same
1
Posted on 4/27/26 at 6:52 pm to sgallo3
are gasoline prices tied towards the international market for oil (petro dollar) or to country supply and demand for it (the US has plenty)?
I want to hear from someone edu’macated.
I want to hear from someone edu’macated.
Posted on 4/27/26 at 7:05 pm to VooDude
quote:
are gasoline prices tied towards the international market for oil (petro dollar) or to country supply and demand for it (the US has plenty)?
Both, it's higher here because of international demand but is still much lower than it is in the UK because of our supply. Gas is over $8 a gallon in the UK.
Companies aren't gonna sell it dirt cheap here when they can sell it for more somewhere else even after the expenses to transport it there.
Posted on 4/27/26 at 7:18 pm to VooDude
quote:
are gasoline prices tied towards the international market for oil (petro dollar) or to country supply and demand for it (the US has plenty)?
I am not sure what you are asking but have an inling of what you might be suggesting.
As it stands today our gasoline proces are in large part tied to the international oil commodity market. It will remain so unless or until we withdraw our oil from that market.
Again, as it stands today, the US is incapable of being energy-independent. So if we pull out of the international O&G trade it would be a crushing blow to our economy (as well as the world economy) because it is unlikely other countries would export to us if we refuse to export to the world market. While we are a net BTU exporter we are far from energy and specifically oil. Why? Like the Helm Paint commercial (basterdized) says "Crude ain't crude".
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