The Economy

If you declare you will only buy anything from a single source, that single source has the green light to gouge you.

 

Doesn't work that way. There's a LOT more to it than simply counting how many barrels a day are produced and comparing that to how many barrels a day are consumed. For starters, there's the type of oil that's produced (light/sweet vs. heavy/sour) and the type of refinery capacity being used (i.e. built for light/sweet vs. built for heavy/sour). The U.S. and Canada produce mostly light/sweet, but their refineries are set up for heavy/sour.

Then there's where the oil is and where the products derived from it need to be (the Jones Act means that it's nigh-on impossible to serve, e.g., east coast markets with products from Houston).

 

Forcing multi-billion dollar corporations to pony up a little more because they are making their bank off average working people is not theft.
Fuck them motherfuckers. They can suck up a rounding error to help the greater good.

 

If pointing guns at people and telling 'em they have to sell at a price you approve ain't theft, it sure is pretty close to it.

 

When seagulls follow the trawler, it's because they think sardines will be thrown into the sea.

 

I love the inclination to want the U.S. to produce its own things. Really. But turning back to the protectionism and isolationism of the past is a roadmap to hell and global conflict even beyond what we have now.

 

Quote unquote, "Okay."

How is stabilizing domestic supply and demand "a roadmap to hell and global conflict?" I would think it would potentially insulate these shores from the same.

Suggesting otherwise would imply that we are on the world oil teat for the sole purpose of world peace.

 

Twirling Time, the petroleum makret is perhaps the most globalized and wholly integrated economic system extant. If nothing else, the pandemic should have taught us that disrupting existing supply chains causes super big problems, many of them wholly unforeseeable.

 

You just argued against yourself. When a supply chain is worldwide in the case of oil, all it takes is a bunch of drone-throwers on the shore to screw it up, much less a virus. Much harder to do when a market is in-house.

 

You do understand that the entire oil production of North America is a little bigger than some terrorist attack on a tanker? That the entire oil and natural gas production system of the IS is tied into the world system, and that disruption works both ways? Look at Brexit. Did that help Great Britain or hurt it?