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Xyrus2000 t1_iwoqzw5 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

Oil, like every other commodity, is traded on international markets and gets sold to the highest bidder. There is no way to "keep US oil for the US" short of the US government nationalizing the oil industry and forcing the cessation of exports.

The repercussions of such an action would be economically catastrophic. If you think prices are high now, wait until all of our trade partners jack prices through the roof as a result of a massive oil spike due to the US ceasing exports. It will drive already desperate countries to make concessions to places like Russia and Iran. It would not be pretty.

The US does not exist in a vacuum. Taking drastic unilateral action without seriously examining the consequences is not wise.

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Mountain_Fig_9253 t1_iwp4k1j wrote

Fun fact, it used to be illegal to export oil from the US up until 2015. The repeal of the Crude Oil Export ban was the negotiating point that republicans used to re-open the government closure they had started.

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dalkon t1_iwq3i0d wrote

The US banned oil exports from 1975 until December 2015. When Obama promised to veto the bill to approve exports, Republicans added it to appropriations bill. https://ballotpedia.org/Crude_oil_export_ban

This should be Democrats' talking point about high gas prices, because that is the reason our gas prices got so much higher.

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Mountain_Fig_9253 t1_iwqqfxp wrote

It doesn’t matter. Every time I explain this to a conservative they just scream fake news. They can’t wrap their heads around the idea that Republicans actually shut the government down for this specific issue.

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