Originally Posted by Lowslung

Apparently it needs to be said again: oil is a global commodity. This idea that Americans can somehow capitalize on shutting down 20% of the world’s supply is an isolationist fever dream. Sure, American oil companies might make some extra cash in the short term, but if high oil prices tank the global economy, as seems to be the path we are insisting on going down, they’ll suffer like everyone else. Oil isn’t just going to get expensive for our adversaries. It’s going to get expensive for everyone because that’s how the market works. Don’t kid yourself, this summer and beyond are going to be very difficult for our industry if things don’t take a turn very soon.