Oil is a global fungible commodity. After implementing the above, the future trading will just continue unchanged but no longer under any US control since it will be done in London, Tokyo, Singapore and Dubai.
“Oil is a global fungible commodity. After implementing the above, the future trading will just continue unchanged but no longer under any US control since it will be done in London, Tokyo, Singapore and Dubai.”
Exactly. It is amazing how many people post on Free Republic with no idea how markets and the economy works.
The only solution to higher prices is increased supply or lower demand (good luck with that - people bitch but they still drive.)