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Economy

Farmer-Rick

(11,608 posts)

2. Even if all the gas produced in the US were sold in the US

Reply to mahatmakanejeeves (Original post)

Mon Oct 10, 2022, 11:28 AM

Oct 2022

It would still cost more.

Only a handful of integrated oli and gas producers control the markets in the US like ExxonMobil. Yeah there are independent producers but they only do part of the production chain and have very little control over the market.

These integrated oil and gas corporations usually control production and prices. Capitalism will always make a monopoly's prices higher.

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Highlight:

"The U.S. is the world's largest oil producer. You'll still pay more for gas." [View all] mahatmakanejeeves Oct 2022 OP

Also natural gas and heating oil Warpy Oct 2022 #1

Even if all the gas produced in the US were sold in the US Farmer-Rick Oct 2022 #2