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[-] Not_mikey@lemmy.dbzer0.com 2 points 3 weeks ago

Is there much heavy crude coming out of the strait? I always thought gulf oil was pretty light and the heavy shit mostly came from Venezuela and Canada who would be uneffected by the strait being close.

[-] infinitesunrise@slrpnk.net 2 points 3 weeks ago* (last edited 3 weeks ago)

It is, and most of it goes to Asia, but since oil demand is just barely met all over the world a supply shortage anywhere is felt everywhere through rippling demand. But I was just explaining why a closed-door domestic oil policy wouldn't work in the USA despite our net export. Under any foreseeable global demand regime.

this post was submitted on 18 Jun 2026
481 points (98.4% liked)

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