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Message
re: US has become world leader in oil exports amid Iran war
Posted on 5/7/26 at 9:46 am to FearTheFish
Posted on 5/7/26 at 9:46 am to FearTheFish
quote:
Some of us like getting the most out of our hard earned dollars and not just throwing it away.
Too bad Congress loves taking most of those hard earned dollars and pocketing it or just throwing them away.
0
Posted on 5/7/26 at 10:52 am to ragincajun03
Idk but I know Trump is a business man and so are they. I would think people of this stature could come to some agreement. Not saying govt needs to step in and start running the show but can’t hurt to atleast bring everyone in and have a discussion on how we can bring relief to the people. They’re def price gouging imo. No need for it we have plenty of oil.
Canada suspended their gas tax. We should do that at the very least.
Canada suspended their gas tax. We should do that at the very least.
This post was edited on 5/7/26 at 10:56 am
Posted on 5/7/26 at 11:05 am to ragincajun03
quote:
According to this article, at least for cumulative year 2025, Saudi Arabia was still the #1 exporter of crude.
I included refined petroleum products (gasoline, diesel).
Posted on 5/7/26 at 11:06 am to NIH
quote:
This was always the plan, patriots. You’ll like how this turns out.
I hope so. As of now, however, increasing exports of American oil will limit domestic supply available for refining and consumption here, which will drive up prices for gasoline, diesel, heating oil, and shipping. This is a very powerful inflationary force. We will be directly required to pay across the board inflation so that American oil can be exported.
What exactly is the good plan?
Posted on 5/7/26 at 11:20 am to TBoy
quote:
As of now, however, increasing exports of American oil will limit domestic supply available for refining and consumption here, which will drive up prices for gasoline, diesel, heating oil, and shipping.
I don't think supply is an issue. Global prices are driving cost.
Posted on 5/7/26 at 11:22 am to Hangover Haven
quote:
The price of gas is just the oil companies jumping on the Iran war to jack up gasoline prices...
It's basically price gouging... Like selling a gallon of water for ten bucks after a hurricane...
How does this retarded post have 24 upvotes.
Posted on 5/7/26 at 11:41 am to ATrillionaire
quote:
I don't think supply is an issue. Global prices are driving cost.
Limited supply is the only issue here. Foreign countries are purchasing more U.S. oil because their supply from the Middle East is restricted. The steady supply of middle eastern oil that U.S. companies import is also restricted. Sale of U.S. oil will exacerbate our supply limitation by further drawing down the supply available for domestic consumption.
How can you say that supply is not an issue? It is THE issue worldwide.
Posted on 5/7/26 at 11:47 am to Hangover Haven
quote:
The price of gas is just the oil companies jumping on the Iran war to jack up gasoline prices..
Was coming here to say the same thing. If US can support itself with crude and refining, why the heck is gas at $4/gallon when a month ago it was $2.50/gallon?
Posted on 5/7/26 at 11:50 am to jasonbr1975
quote:
If US can support itself with crude and refining, why the heck is gas at $4/gallon when a month ago it was $2.50/gallon?
Because there is no such thing as a domestic discount. Prices are set on the global market.
Posted on 5/7/26 at 11:54 am to ragincajun03
And this was probably half of the reason for the Iran War, and half of the reason why it hasn’t ended.
Posted on 5/7/26 at 11:55 am to castorinho
quote:
How does this retarded post have 24 upvotes.
Lots of people just believe and parrot what their favorite social media “influencers” tell them these days.
Posted on 5/7/26 at 11:57 am to castorinho
quote:
How does this retarded post have 24 upvotes.
Maybe it's not so retarded?
You don't think companies take opportunities to make to make an easy profit...?
Gas prices started going up soon as the war started...
This post was edited on 5/7/26 at 12:02 pm
Posted on 5/7/26 at 12:14 pm to cascadia
quote:
Gas prices are up because not enough
Countries or states have sufficient refining capacity to meet their domestic needs.
Posted on 5/7/26 at 12:16 pm to HarryHoudini
quote:
Not saying govt needs to step in and start running the show
But that’s exactly what you’re asking for
Posted on 5/7/26 at 12:16 pm to Hangover Haven
quote:
Gas prices started going up soon as the war started...
Because the price of OIL, a globally traded commodity, which is kind of necessary to produce gasoline, went up.
Posted on 5/7/26 at 12:18 pm to jasonbr1975
quote:
Was coming here to say the same thing. If US can support itself with crude and refining, why the heck is gas at $4/gallon when a month ago it was $2.50/gallon?
Because Europe and SE Asia cannot so they pay higher prices. Because oil, gasoline, kerosene, and diesel are global commodities the entire world feels price increases when a large population cannot sustain itself.
Posted on 5/7/26 at 12:22 pm to Oilfieldbiology
quote:
Because Europe and SE Asia cannot so they pay higher prices. Because oil, gasoline, kerosene, and diesel are global commodities
Uh oh. Now you done it.
The calls for American refiners to no longer be allowed to export gasoline will soon start.
Posted on 5/7/26 at 12:30 pm to HarryHoudini
quote:
Canada suspended their gas tax. We should do that at the very least.
That’s got jack shite to do with oil companies.
quote:
They’re def price gouging imo. No need for it we have plenty of oil.
Because refineries in Asia and Europe are willing to pay a premium for oil? Are the upstream operators or midstream transport/marketers supposed to just turn down the extra cash?
Man…maybe we should implement that strategy for early crawfish season…
Posted on 5/7/26 at 12:50 pm to ragincajun03
quote:
Man…maybe we should implement that strategy for early crawfish season…
LA crawfish can only be sold in LA, if Texans want some, grow some you’re damned selves you concrete jungle inhabiting hipsters in Houston and Dallas.
Posted on 5/7/26 at 12:59 pm to ragincajun03
The week of April 24th, the US was a net exporter of Crude Oil for the first time in modern history.
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