They NEVER are.

They absorb *some* of the impact

In this case, it is.

Either it benefits the consumer, or it doesn't,

It's a false argument because prices go down and supply goes up.

How are you unable to answer a simple question?

It's A or B.

Either price increases hurt consumers or they benefit them.

Economies expand and contract, and they broaden and narrow. These things are multidimensional.

What's your answer?

@Jokerfaic How do you actually talk to these people?

A AND B

See, in binary, you can AND, and you can OR, and you can XOR.

<:brainlet:505799727657254922>

This is not an OR, this is an AND

So price increases benefit the consumer

How so?

The benefit the consumer by raising the wages of those who produce product B

Assuming product A is oil

In this instance, that's not going to increase the wages of many people.

Yes it will.

1. US is an oil exporter and also the most advanced refiner.

2. US also has the most extensive system of pipelines.

3. It will always be cheaper to produce and distribute any petrochemical domestically than to pay the transport costs of export.

4. Therefore any foreign supply shortage results in increased domestic production which is sold domestically at a discount rate.

We will open more markets by exporting more than importing.

Detroit Demographics

According to the most recent ACS, the racial composition of Detroit was:

Black or African American: 79.12%
White: 14.10%
Other race: 3.02%
Two or more races: 1.90%
Asian: 1.50%
Native American: 0.34%
Native Hawaiian or Pacific Islander: 0.02%

Does this mean in Detroit black people are the majority and everyone else is minorities?

So why hasn't that happened then?

AND we will decrease our electricity costs as it will become cheaper to produce via the natural gas we will need to process. This in turn will make our labor cheaper, and increase production in the US>

After the recent Saudi oil facility bombing

Why is the price of oil still so high?

Meaning, higher costs for the consumer?

Its not rlly all that high for us tbh

It hasn't happened because we can't get the price of oil to a sustainable price that the oil companies can afford to produce at home. That happens around $80/bbl

You **will** see an increase.

**Everyone** will.

It nearly happened while Obama was president, but he stood in the way of allowing the oil companies freedom to run.

@Weez

That's the international rate buddy. The domestic rate is much lower. If you would stop posting to read other's comments I already explained this.

Fuel will be higher during the winter season but thats also because most states require additives for winter fuel around now

International rate will still effect domestic product.. Meaning it will affect costs.

Woz put it best: in economics, a plus for one person is a minus for someone else. there's no fucking binary action

If America becomes a dominant oil exporter, we win. That's why SA flooded the market a few years back.

*If*

*Yawn*