Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Would reducing US fuel exports stop gas prices from spiking? [View all]Oasis_
(254 posts)9. It's a global market
Taking product (oil) off of the market for purely domestic consumption still leaves us with a sizable crude deficit. The act, however, of removing supply from said market would send prices skyrocketing, as we still must import a significant amount to meet our domestic needs.
It's a horrible, HORRIBLE idea.
The most effective way to combat the price pressure would be a coordinated effort among our allies to simultaneously dump a near-unprecedented amount of oil onto the market from our respective strategic reserves.
Watch the prices plummet and the speculators take a major bath.
Oasis
Edit history
Please sign in to view edit histories.
40 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
What? We export NO CRUDE. Lets go to the site you linked to and compare Imports vs Exports.
napoleon_in_rags
Feb 2012
#37
Emptying the strategic reserves may be a good idea -- it takes attacking Iran off the table
FarCenter
Feb 2012
#15
Unless Iran successfully tests an atomic bomb and threatens to use it, we won't attack them anyway
DFW
Feb 2012
#36
Add 117,000,000 gallons of gasoline, diesel, and jet fuel to the US market EVERY DAY...
cherokeeprogressive
Feb 2012
#22
Do you believe that increased cost for gasoline, diesel, and Jet A is a good thing
cherokeeprogressive
Feb 2012
#31