kyzr
Diamond Member
- Oct 14, 2009
- 36,783
- 28,055
That statement (above) is NOT what I was disagreeing with. I agree we always imported oil.BUT WE WERE STILL IMPORTING OIL EVEN THOUGH WE WERE A NET EXPORTER. THE WORD IS 'NET'
What I vehemently disagree with is this moronic statement of yours:
"But it had nearly ZERO impact on the price of oil per barrel or gas because we exported so little in comparison to the roughly 100 million barrels consumed daily by the world."
If you look at the price of oil; when the US was a net exporter the price was $40/bbl, now that the US is a serious importer the price is approaching $120/bbl. The global oil balance between supply and demand is very sensitive. A small decrease in supply can have serious price implications. Biden has always been wrong, and he still is always wrong.