[DannyTN]

Domestic oil prices won't necessarily rise. You're assuming no change in supply. But we are already seeing increases in supply due to the current price level.

Imported oil prices may not even rise. OPEC may decide that it's better to keep the price down to prevent further innovation, and they may lower their price. In that case, our tariff, would be offset by them taking lower profits.

Prices are currently falling because U.S. Production is going up. That's driven by the current price. U.S. Production is expected to continue increasing for a while, until the price of oil drops further.

If you raise the tariffs on imported oil, you might get a temporary price increase, but that will just help speed the increase in U.S. production. Which is good for the U.S. and good for U.S. jobs.

[Toddsterpatriot]

Domestic oil prices won't necessarily rise.

You're joking, right?

You're assuming no change in supply.

Not at all.

Imported oil prices may not even rise. OPEC may decide that it's better to keep the price down to prevent further innovation, and they may lower their price.

How much do you feel we import from OPEC?

If you raise the tariffs on imported oil, you might get a temporary price increase, but that will just help speed the increase in U.S. production. Which is good for the U.S. and good for U.S. jobs.

Hell, if that's the case, double the price.

When you factor in the recession that will occur, we won't need nearly as much oil.