Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Omnipresent

(7,506 posts)

4. Energy independence would be nice, but the US is tied into the global market.

Reply to Delarage (Reply #1)

Wed May 6, 2026, 08:08 AM

Wednesday

US oil production is sold here and abroad. Oil companies aren’t regulated to only selling to the US.
We can “Drill baby drill!” all we want to just supply US consumers in the false hope of keeping prices low, but the reality is that any overseas calamity would still affect the price.

Edit history

Please sign in to view edit histories.

Recommendations

3 members have recommended this reply (displayed in chronological order):

Bengus81 IbogaProject obnoxiousdrunk

22 replies

= new reply since forum marked as read

Highlight:

Crude Oil Is Down 9% Today [View all] gab13by13 Wednesday OP

Old men and oil companies Delarage Wednesday #1

Energy independence would be nice, but the US is tied into the global market. Omnipresent Wednesday #4

Yup Delarage Wednesday #22

There's No Conspiracy ProfessorGAC Wednesday #2

It was more rational when OPEC controlled the price, gab13by13 Wednesday #8

Can't Agree ProfessorGAC Wednesday #13

Japan SamuelTheThird Wednesday #15

Well strike up the freakin' band and have a parade. twodogsbarking Wednesday #3

Bust the Trust. multigraincracker Wednesday #5

Trump is pretending we have a deal again Johnny2X2X Wednesday #6

It's also possible the price went down (now on its way back up) because they think The Rapist will have to stop muriel_volestrangler Wednesday #7

These stupid bastards are still under the delusion that Stinky is going to pull us out of this mess. Ray Bruns Wednesday #9

I doubt that anybody with $10 in their wallet takes Trump's pronouncements on Iran seriously at this point. hay rick Wednesday #10

But hey! My 401K will go up a lot today! Happy Hoosier Wednesday #11

Iran lives, Islam lives. MAGAs will be crestfallen. Now, back to the Epstein files! RedWhiteBlueIsRacist Wednesday #12

And he threatened to "hit harder" today and it is rising right back up again (as I posted in another thread) BumRushDaShow Wednesday #14

Of course, you mean crude oil *futures* Fiendish Thingy Wednesday #16

Meanwhile, AAA reports of national pump price averages have trended upwards day by day nitpicked Wednesday #17

In my town the prices have fluctuated by 20-30 cents/litre every week Fiendish Thingy Wednesday #20

Any interesting massive trades... returnee Wednesday #18

Did your gas pump price drop 9% ? republianmushroom Wednesday #19

The US has escorted some tankers through the straits. Melon Wednesday #21