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 Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

DJ Synikus Makisimus

(1,336 posts)

5. Oil is a worldwide market. Domestic production will flow wherever

Reply to ashredux (Original post)

Sun Mar 1, 2026, 04:54 PM

Yesterday

it can fetch the highest price. There was an Obama-era Presidential decree that kept domestic production domestic, but that was one of the first things Trump put an end to in his first go-round, probably at the urging of Rex Tillerson and other extractive-industry buddies. Biden did not bring it back, which probably just would have led to its repeal again anyway.

I have no idea what's going to happen to oil prices when they start trading later today, but I expect a rise. If I had an internal-combustion vehicle, which I don't, I'd have filled it up yesterday when I first heard of bombs falling.

Edit history

Please sign in to view edit histories.

Recommendations

2 members have recommended this reply (displayed in chronological order):

NEOH amortus716

23 replies

= new reply since forum marked as read

Highlight:

I'm sure a few folks on here recall the 1970s long lines for gasoline.... Well, that's gonna make a comeback. [View all] ashredux Yesterday OP

Doubt it Prairie Gates Yesterday #1

We ain't seeing that oil to gasoline anytime soon ashredux Yesterday #10

That Venezuela oil heist? We ain't seeing a drop or a dime from that. Initech 20 hrs ago #21

That's not going Greg_In_SF Yesterday #2

Nah! We have an awesome ally with Canada! usedtobedemgurl Yesterday #3

Remember it well. I think you could only buy gas livetohike Yesterday #4

Yep. Odd and even days. miyazaki Yesterday #6

I was just going to post that, Here in Pittsburgh area, it was the last digit of your license plate. debm55 Yesterday #16

I'm glad someone else remembers it! There were such long livetohike Yesterday #17

We got married in 1979 and married in June , 1979. We drove to Miami from Pittsburgh as I was afraid to fly in a plane. debm55 Yesterday #18

Oil is a worldwide market. Domestic production will flow wherever DJ Synikus Makisimus Yesterday #5

The world has changed too much since then. All we might see is rising prices FBaggins Yesterday #7

My "Soros Brand Gas Pass" will get me right past those lines... ret5hd Yesterday #8

Near Zero Chance Of That Happening ProfessorGAC Yesterday #9

You Mean When Big Oil Conspired To Doom Jimmy Carter? ColoringFool Yesterday #11

They started in 1973 before he was elected MichMan Yesterday #12

That didn't happen during Desert Storm, the Iraq War or for more than a day or two after 9/11, so no, it's not going to WhiskeyGrinder Yesterday #13

I remember Jimmy Carter (a great man)... gulliver Yesterday #14

Perhaps in Russia and China but not here., RubyRose Yesterday #15

my dad had an easy solution for those lines Skittles Yesterday #19

Less then 10% of the oil the US imports comes from the ME Kaleva Yesterday #20

More likely will see more nations... Xolodno 20 hrs ago #22

We had cut our own production to buy from the Middle East. Now we are the largest producer in the world. Melon 20 hrs ago #23