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A comment on America produces enough oil to meet its needs, so why do we import crude?. Parent comment

Re:America produces enough oil to meet its needs, so why do ... by rhuru on Tuesday March 08, 2022 @06:47PM (#30609015)
How does forcing American citizens to pay higher for the oil make oil cheaper is beyond me. How does export tarrifs help reduce the price of oil ?
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Re:America produces enough oil to meet its needs, so why do ... by mrleinad on Tuesday March 08, 2022 @09:06PM (#30610166)
It reduces the earnings for the exporter from selling it abroad, effectively capping the internal price for the commodity so it cannot go higher than a certain price (it works on anything that can be exported)
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