Originally Posted by
DeltaboundRedux
Oil is fungible though; constricted supply will jack up the price worldwide.
Crux of the matter.
Originally Posted by
DeltaboundRedux
Unless it's WWIII. The US famously "floated to victory on a sea of oil" in WWII.
Nice to think that the US will have plenty of oil for domestic consumption if the balloon goes up.
We will, but as noted above, prices will skyrocket (unless we stop exports and fix prices). The ensuing global economic disruption will circle back around to us in any case.