Can someone explain to me, why with all the available gas and oil in this country and now from other countries why the price up esp that there is oil going through the Strait.
Only a fraction of shipping is going through the Strait of Hormuz vs. what was previously. The costs to move it is also much much higher. From insurance to ship rental costs. That all pushes the price up. There are also other factors that have been bringing the price up. Ukrain/Russia conflict being one of them.
Oil trades on an international market irrespective of where it’s produced.
At least part of the reason is the US doesn’t have monopolistic ability to set prices. Factor in the world. The main spot oil prices are Brent (north sea), WTI (texas) and Murban (middle-east). All combine to set spot prices. Factor in that at least a portion of the oil supply is fungible, to an extent (given that the 3 main supplies have different characteristics, Sweet/Sour, sulphur).
Ukraine had damaged so many Russian refineries that Russia switched from exporting to importing.
Because this isn’t just about the mullahs.
Can someone explain to me, why with all the available gas and oil in this country and now from other countries why the price up esp that there is oil going through the Strait.
The demand outweighs our capacity. We need to build more refineries. The Eco-Nuts won’t let us do it.
Because the traitors and speculators make the price go up with every bit of false negative news which the pro-Iran media dutifully supplies in great quantities. The negative and pro-Iranian news is eagerly consumed and posted by the pearl clutchers, blackpillers, an Iranian sycophants and propagandists here and elsewhere.