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To: Round Earther

So why is the gas pump and fuel oil so much higher than it was with Trump ? Giving it away to countries that hate us. ?


42 posted on 10/22/2023 4:26:17 PM PDT by kenmcg (ti hi o)
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To: kenmcg

US prices are global prices. US producers are free to export petroleum and petroleum products. Higher US production doesnt mean that US consumers get a special deal, directly.

Higher US production means that international prices are less volatile as there is a much smaller US import demand. But this is just one factor in international prices.

From 1971 to 1979 this WAS the case. US producer prices were controlled. This caused a long term decline in US production, and a true dependency on imports. After price controls were phased out eventually US production caught back up again.


56 posted on 10/22/2023 6:59:59 PM PDT by buwaya (Strategic imperatives )
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