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That ban was lifted in 2015. https://www.pillsburylaw.com/en/news-and-insights/us-repeals-longstanding-ban-on-export-of-crude-oil.html -
By silveradosid · Posted
it does sound like freeze up, check the drain and also check the cabin air filter to see if it is plugged -
I understand that. The price is what it is, though. The price is what oil costs today, where our choices have led us, where supply is, and where demand is, in the market that is. Speculation is for futures, what we think the price will be, but with incomplete information at the time the price is forecast. I know you know this, but you appear to be intent on making a secondary point here about what you think the market could or should be, if only other choices. In 1975 it became illegal to export US Crude. I'm conflicted on what the best answer is. Free markets allow export in pursuit of profit. But there is also a lot to gain by producing and consuming our own oil here. How do you reconcile it? -
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By Grumpy Bear · Posted
That sir is a choice. And even if it were not for all the reasons stated, this disruption has zero to do with the reality of the actual logistics and everything to do with the greed of SPECULATION. Spot price is irrelevant to reality. -
What I think you're saying is there is supply here at home, and in Venezuela, and we could ease pricing if only it were favorable to do so. Well, yes? But that's not the current market. Supply isn't what could someday exist, if only, it's what producers are willing to produce and sell at a certain price point. The national price of single family homes would come way down if we'd just slap together a few million homes this summer. RAM and GPUs would get a lot cheaper if we just set up some factories to produce a bunch more and stopped using it to build out AI data centers.
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