Iran’s speaker of parliament Mohammad Bagher Ghalibaf said Americans have said “NO TO WAR,” as projections from U.S. midterm elections showed that Democrats have flipped both houses of Congress.
Iran’s speaker of parliament Mohammad Bagher Ghalibaf said Americans have said “NO TO WAR,” as projections from U.S. midterm elections showed that Democrats have flipped both houses of Congress.
Still blows my mind that Americans are raging over fuel prices that would essentially be seen as heavy discount in Europe. How the hell is your gas so cheap that below average price seems extreme to you?
It’s only “cheaper” because we pay for roads through other taxes as well. The big difference is taxes, which we pay very little of at the pump
We have a strategic oil reserve and our supplier isn’t at war with the nation that the pipeline it comes through sits in. In fact we are well aware that the amount of oil we get from the middle east is paltry at best, and that the increase of our prices are purely the oil companies assfucking us over the fact they can’t ship it everywhere else to make profits. (that third mega yacht won’t buy itself after all!)
The SPR is irrelevant. Oil is a global commodity with minimal difference in price across the globe
That’s how basic economics works. Oil is a global market far more complicated than you understand
The US is heavily reliant on oil imports. We have to pay the market rate to keep our refineries running. US oil is largely exported
That seeming contradiction is one tiny piece of the giant puzzle that is the modern oil and gas sector. People spend their entire lives studying a single segment of it
Because we produce a shit ton of oil, it should be cheaper