News for hackers. Stuff that matters.

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 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)
[ Parent | on HN ]

There are no comments on this comment yet.