Earlier quoted context omitted.
Depends, I just want to point out that the US is a net exporter of Oil. They also secured oil imports from Venezuela while at the same time in 2 strokes seriously hurt Chinese oil imports. If the goal was to hurt China / BRICS and kneecap Iran it seems on point. It's always hard to predict how the USA will vote when "war" is happening.
> If the goal was to hurt China / BRICS and kneecap Iran it seems on point. While also hurting Europe, South Korea, Japan, the Philippines, and many more. Very on point... It will hurt everyone, Americans included, oil is a global market, fertilisers are a global market, those are basic inputs for probably every single thing produced in the world. So now all of us around the globe have to pay the price for American I…
Only because those countries choose for that to be the case. For example, Saudi Arabia and Russia don't do that. Local prices and export prices are different.
But the US, Canada, the Netherlands, and long list of other countries could make this crisis have zero effect on local prices. They choose to take every excuse to raise prices (in fact the Netherlands goes further: if sales tax on gas raises because prices raise, the amount of tax paid is kept constant if prices drop. So they artificially raise local gas prices. So if gas prices are low, tax on gas has at one point reached 72%), but it is fundamentally a government choice.