The global oil market is running out of options

https://finance.yahoo.com/markets/article/the-global-oil-market-is-running-out-of-options-you-cannot-print-molecules-100000694.html

by wslh • 2 months ago

7 4 2 months ago

finance.yahoo.com

bediger40002• 2 months ago

My entire life I've been told that any disruption to oil supply chain will increase gas prices to the consumer at the pump. Gas prices have indeed gone up, but not that much. Do oil companies hold down prices for presidents they like, and raise gas prices for presidents they don't like? That's what the last six years look like at the moment.

pickleglitch2• 2 months ago

My understanding is that prices have been kept low by drawing down our strategic oil reserves. We're also somewhat insulated by domestic production, although a lot of that is sold overseas.

bediger40002• 2 months ago

Well, yes, that's what the article says. But why didn't companies do that for Biden, for example? Instant price rises for him, drawdowns of reserves for Trump.

The global oil market is running out of options

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