munchi333 t1_iwo5g6y wrote
Reply to comment by Bounty66 in 4 giant offshore terminals proposed in Texas would increase US oil export capacity by 6.5 million bpd. This July US oil exports hit their record monthly high: 3.8 million bpd by Dylan-Baddour
How exactly does additional supply in the international market drive up prices?
whodatbeson t1_iwq69ai wrote
He said it wrong but we produce a hell of a lot more now than we consume. So if they really wanted to they would just ban exports on oil like pre 2016. Gas prices would sink but no one in the oil industry wants that
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