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A comment on The Strait of Hormuz Oil Shock Is Now Heading West. Parent comment

Re:The Strait of Hormuz Oil Shock Is Now Heading West by fortedoesnthack on Sunday March 29, 2026 @11:34PM (#47570122)
The USA is a net exporter so technically if export restrictions are put up the Americans will likely be fine. The rest of the world, not so much. I live in Japan and I'm definitely worried about the rest of the year.
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Re:The Strait of Hormuz Oil Shock Is Now Heading West by JumpCrisscross on Monday March 30, 2026 @12:48AM (#47570479)
> technically if export restrictions are put up the Americans will likely be fine

Technically no. The oil we export isn’t a fit for the oil we refine. We’re slaved to the global market, though our exports do give us a tool. (Unfortunately, it requires taxing oil production (since we can’t tax exports [1]) to pay for, ideally, a monthly cheque to every American, and less ideally, a refiner credit to push down domestic gas prices.

[1] https://constitution.congress.gov/browse/essay/artI-S9-C5-1/...

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