<: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*

$80/bbl

NO we can basically ignore the international rate as I already explained. Transport and refining costs *always* make it cheaper inside the US (and to a lesser degree N. America)

It's easily attainable.

Sustainable has yet to be seen.

We have the capacity to out produce saudi arabia if we really want too.

Yes, but you do NOT cover your full demand through your own production.

Meaning you import abroad.

Meaning it still has an effect.

*"Its totally worth it to keep stickong our dick in the middle east guys, super srs this time."*

We were beginning to export under Obama,

so fucking sick

of this trash

A geologic report I read places over 54 billion barrels under N. Dakota alone.