Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Fido969

The US exported over ten million barrels last year. As I indicated earlier, oil trades internationally: the price is set by the highest marginal bid from anywhere on the globe.


15 posted on 09/23/2026 11:28:50 AM PDT by Miami Rebel (RE)
[ Post Reply | Private Reply | To 13 | View Replies ]


To: Miami Rebel

But the point is, the demand for gasoline, home heating oil etc, doesn’t change much based on the price. People still need to heat their houses and drive to work. I don’t think the optional use varies much.


56 posted on 09/23/2026 1:48:38 PM PDT by Fido969
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson