Super El Niño (should it be called El Hombre?) + no gasoline + ai bubble bursting + hantavirus pandemic + renewed shooting war with Iran + what did I miss? = cool zone? 😎

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[–] 23 points 3 months ago* (2 children)

The US remains a net exporter of oil. They are the largest producer of oil, accounting for something like a fifth of oil produced annually. The US is not running out of oil because of this.

The issue is not that the USian citizen is going to actually turn on the nozzles and air comes out, the issue is price.

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  • [–] [S] 9 points 3 months ago (1 child)

    AFAIK the USA doesn’t export the kind of oil you can use for cars, trucks, or airplanes.

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  • [–] 20 points 3 months ago (1 child)

    More specifically the US isn't setup to refine the oil it exports. It would cost many billions of dollars to convert. I'm not real knowledgeable on the topic, but the US seems to be a real pro at kicking itself in the balls. Dumb yankees. I hope it hurts.

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  • [–] 7 points 3 months ago* (1 child)

    the USA is a net exporter of petroleum products but is actually a net importer of oil. natural gas is the big difference

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  • [–] 5 points 3 months ago

    Yeah we have big refineries here. Lots of heavy crude coming from Canada, and its also why the USA had to get rid of Maduro before starting war with Iran. Oil imports are the highest they've been since 2019 from Venezuela.

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