The USA is a net exporter of oil these days due to fracking and oil shale, market conditions are very different to when OPEC controlled the entire market
yeah, oil market is really complicated, we sell and buy back and resell and rebuy and stockpile and pull from the stockpile and cycle in and out and all kinds of other bullshit, it’s really fuckin stupid tbh
The USA is a net exporter of oil these days due to fracking and oil shale, market conditions are very different to when OPEC controlled the entire market
Yet our prices are still determined by the global price.
yeah, oil market is really complicated, we sell and buy back and resell and rebuy and stockpile and pull from the stockpile and cycle in and out and all kinds of other bullshit, it’s really fuckin stupid tbh