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News & Current Events May 7, 2026 at 8:44 PM

U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war

Posted by Mo_Jack


U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
CNBC
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
Oil exports are booming from the U.S. Gulf Coast thanks to the Middle East supply disruption caused by the Iran war.

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Big-Corncob 3 days ago +1027
Nothing to see here, just the rich getting richer.
1027
So_HauserAspen 3 days ago +408
LOL.  People gonna learn real quick that oil companies will gladly sell on the global market over domestic for more profits
408
Just_Another_Dad 3 days ago +106
The US has been a net exporter of oil/gas since the Obama administration. It is not new that US-based oil companies earn money on foreign sales.
106
Viperlite 3 days ago +139
Following the outbreak of the war with Iran and the closure of the Strait of Hormuz in March 2026, China moved to suspend exports of refined petroleum products (gasoline, diesel). Beijing instructed refiners to cancel outgoing shipments to prioritize domestic energy security, stabilize prices, and manage shortages. If we really drilled baby drill to help our own people to support our broader domestic economy, we could temporarily limit exports to lower domestic oil prices during time of war to help our own people. But we know who the administration really worries about.
139
Rumblestillskin 3 days ago +61
If they were really interested in bringing manufacturing home they would keep energy costs low at home to support those manufacturers. But they are more interested in making oil companies rich.
61
EverythingGoodWas 3 days ago +19
Won’t someone consider how ugly the windmills are? /s
19
Viperlite 3 days ago +12
[Trump administration cites national security to halt US wind farm projects](https://www.yahoo.com/news/articles/trump-administration-cites-national-security-134426706.html) /s
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still_m0bil3 1 day ago -1
Wind farms actually suck more than people want to admit. Did you know the blades have to be changed every few years. They are also made out of a resin that does not break down, so they just bury them in the ground. Its literally not subastainable and still requires large amounts of oil.
-1
Just_Another_Dad 1 day ago +3
Did you know that when oil is burning it literally cannot be used again? And it produces airborne pollutants. Every single energy producing system has inherent costs, environmental and otherwise. The trick is to minimize impact. Wind farms are very efficient, environmentally sound, and very profitable.
3
Viperlite 3 days ago +6
And this stupid AI gambit that is just punishing electricity rates for homeowners and ravaging the water table and destroying good, paying American jobs and sticking us with many, many giant concrete-box structures that won’t be able to be re-purposed in the future. All so some politicians can take bribes to make deals that abate taxes for these richest of landowners.
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still_m0bil3 1 day ago -1
AI does not consume water. Stop spreading the lie.
-1
Just_Another_Dad 1 day ago +3
Don’t large data centers consume water for cooling?
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still_m0bil3 1 day ago +1
Do they have cooling stacks like a nuke plant? Where do you think this system "consumes" water? Does the cooling system in your car "consume" water? Have you ever looked into how much water is used for basic industrial purposes and how it is unusable after use? Clearly not, your just repeating the things you read online.
1
Just_Another_Dad 1 day ago +3
The cooling is not a closed system in AI centers. They use open evaporative methods to cool the processors. They use an extraordinary amount of water.
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Viperlite 18 hr ago +2
If consume, you mean draw from an aquifer or a surface water source and then release as water vapor, then yes. The aquifer is further diminished. A few use closed loop, coolant based systems but most draw heavily on local water sources.
2
AccomplishedBrain309 2 days ago +1
They have no interest in manufacturing. They are deporting all the immigrant laborers. Most overseas manufacturing depends on c**** immigrant laborers. Trump just wanted tarrif money, thats mostly paid by Americans.
1
GhostIsAlwaysThere 2 days ago +1
If you have not figured it out yet, the game is to use/buy everyone’s else’s resources then be left with your own in the end. That’s been the USA’s long game for a long while.
1
Rumblestillskin 2 days ago +3
They are using their own resources as quick as possible too. Shale gas will become less productive. If that is their plan they are sticking to it well.
3
Just_Another_Dad 3 days ago +24
Missing in this scenario is the fact that domestically, oil companies do NOT choose to drill. They have been quite happy with the levels of oil production. They have no interest in drastically lowering prices.
24
pmormr 2 days ago +4
When to drill has always been a purely economic calculation. Every well isn't the same, they have varying costs of operation. The *only* reason you drill more (or less) in a capitalist economy is because the price changed, which rebalances the calculation for which wells are worth it. It's a fundamental misunderstanding of economics to expect companies to "drill baby drill" out of some sort of patriotic duty or some shit. Concerns like that are structurally irrelevant to moving the needle unless you quite literally force it by action of law, because increasing production is by definition bad for profits or they would have done it already.
4
Just_Another_Dad 2 days ago +1
Agree, 100%
1
FreeUsePolyDaddy 1 day ago +1
Yeah people often don't know that there is huge variation in cost per barrel, particularly in fracking. It isn't worth investing in the up-front logistics if the frackers don't think they can depend upon a high enough sustained price, for long enough, to both get the oil out and then ship whatever grade it is to where it is needed. Also, a lot of the fracked oil isn't much use for US refineries which are designed around a different grade of crude. Fracked oil is a big contributor to the story of the US being a self-sufficient producer but it is a very inelastic form of supply.
1
chronnick 3 days ago +6
It’s cute you think the oil companies are just gonna stop exporting oil and sell it for cheaper. And invest in new infrastructure to scale up drilling, refining, distribution… they’re rolling around in the equivalent of an Olympic sized swimming pool of f****** cash as you read this.
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Viperlite 3 days ago +9
My comment was an example of a government acting to protect its citizenry, rather than a tale of make-believe, benevolent, non-profit oil companies.
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GenHammond 3 days ago +2
If you read above, the problem is that we can't process our own oil. Or at least not much of it. That is why we need to modify our build new refineries and process or own oil.
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Viperlite 3 days ago +3
I’m pointing more to the disconnect between the President’s stated justification for pushing a drill baby drill policy agenda (as he has since he took office last year) to make gas more affordable for US citizens vs the real reason, which is to boost oil company profits.
3
AccomplishedBrain309 2 days ago +1
It will take years to expand drilling. Trump screwed up our 60% inmports of petroleum from canada. When Trump says americans will prosper you have to crossout americans and insert billionairs. He couldnot care less about americans that support those billionairs. We should have rolling boycotts that last a year targeting the most egregious abusers. Starting with Musk.
1
FreeUsePolyDaddy 1 day ago +1
It's worse than just "expand drilling". A lot of US production is fracked oil that isn't the same grade as tar sands oil. We'd have to build or adapt more refineries to it. Which, long term, is economically very risky because as global prices fluctuate over time, fracked oil goes offline first. The incentive to drill-baby-drill actually is diametrically opposed to having prices high enough to stabilize fracking production.
1
off_by_two 3 days ago +7
Great orthogonal point dude, you are a valuable member of the team
7
BWWFC 3 days ago +6
but when we can't get oil on the market? idk... what happened to *Gulf of USA FIRST!*???
6
GhostIsAlwaysThere 2 days ago +1
But we are earning more now. Somebody has to benefit.
1
Big_lt 3 days ago +5
Correct me if I am wrong; however if we had a. Intelligent president who actually cared for the citizens. In a similar situation could we not declare a war time emergency and force oil companies to sell domestically cheaper
5
Slggyqo 2 days ago +1
That would require the executive to admit that this is a real war subject to congressional oversight. A president with the balls to do this would have a serious fight in their hands, as it would tank oil and gas stocks. Anyone with two eyes should know at this point that the oil and gas industry has a huge amount of overt influence on the government. On top of that they’d have the political fight regarding the War Powers Act.
1
RobutNotRobot 1 day ago +1
I believe there is a provision in US law that can prevent the export of oil, but it wouldn't effect the price for the end user that much. That price is set globally. Rationing and/or heavily subsidizing would likely require new laws.
1
Euler007 3 days ago +3
That's the definition of a commodity. The American lifestyle is built on oil being c****.
3
throwawaykayaker 3 days ago +1
Right... and Trump stans are saying we need not worry because we have plenty of oil without realizing oil is a global commodity and US producers are private, for-profit enterprises that will sell to the highest bidder and owe no patriotic duty to the American populace.
1
GenHammond 3 days ago +13
The U.S. simultaneously imports and exports oil primarily due to refinery configuration mismatches, geographic logistics, and specialized oil types. While the U.S. is a top global oil producer, its refineries are largely built to process heavy, sour crude from abroad, whereas much domestic production is light, sweet crude, which is exported to markets better suited to refine it. Here is why this paradox exists: 1. The Refinery Mismatch (Quality Difference) Domestic Output (Light/Sweet): U.S. shale production yields a lot of "light" and "sweet" crude, which contains less sulfur and smaller hydrocarbon chains. Refinery Capacity (Heavy/Sour): Many American refineries, particularly on the Gulf Coast, were built or upgraded to process "heavy" and "sour" crude (higher sulfur, heavier density) from Canada, Mexico, and the Middle East. The Result: It is more economical to export the light, sweet crude produced domestically and import the heavier oil that local refineries are designed to handle. 2. Geographic and Logistics Constraints Pipeline Shortages: It is often cheaper for a refinery in Philadelphia or California to import oil by tanker from overseas than it is to transport domestic oil from Texas by rail or truck. Regional Demand: Despite having vast reserves, California imports oil because it lacks enough pipeline capacity to bring in sufficient quantities of domestic oil from other states. 3. Product Exports vs. Crude Imports The U.S. is often a net exporter of total petroleum products (gasoline, diesel, jet fuel) but a net importer of crude oil. Refineries in the US are highly advanced and efficient, allowing them to import cheaper, heavy crude oil, process it, and export high-value finished products to other countries. 4. Corporate Trade The oil market is global and driven by private companies, not just national policy. These companies buy the specific grades of oil that make the most economic sense for their specific refinery technology and local demand. In the end, for a long time we have exported our light oil and imported heavy oil and we need to alter or build new refineries to process our light oil here at home efficiently rather then import from abroad.
13
KnuckleShanks 3 days ago +12
I know this is AI but I'm upvoting anyway cause it's still a good summary
12
trudesign 3 days ago +2
From what I’ve seen US oil isnt very good for gasoline refining, most of our gas oil comes from canada and other countries
2
Captain_Mazhar 3 days ago +8
On the contrary, the US is really good at refining. US refiners paid the upfront expense to add in sophisticated cracking units that allow them to refine extremely heavy crude from Alberta or VZ or the ME, which is dirt c****. This allows these companies to sell the much more valuable light, sweet oils from the Permian and Bakken fields which do not need such sophisticated refining equipment and sell at a large premium to extract heavy crude.
8
supercali45 3 days ago +2
No regulations from the government means they can do what they want and this is why the lobbyists buy these fuckers
2
Chimvape 3 days ago +95
And all of trumps buddies are getting richer while the avg American is getting screwed
95
Mo_Jack 3 days ago +73
Someone shorted oil for around 950M today just before they announced that we were close to a deal with Iran and the price took a big dip. (again) They are just committing the same crimes, over & over, in the open with impunity.
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Chimvape 3 days ago +28
The call is coming from inside the (white) house.
28
PyrrhoTheSkeptic 3 days ago +9
Which means things are going according to plan.
9
C1andestino 3 days ago +5
It’s what he promised the oil and gas execs in the closed door meeting, when he begged them to fund his campaign.
5
Defiant_Review1582 18 hr ago +1
He went to war on renewables before anything else. The windmills ahhhhh!
1
fxkatt 3 days ago +127
>T*he U.S., Latin America and West Africa can help supply incremental barrels to Asian buyers in need. But the Middle East is just too big of an oil producer to be replaced...* Ask South Korea--it's been devastated by the war.
127
SleepingToDreaming 3 days ago +281
"Corpus Christi Texas, one of the largest oil exporter terminals in the world, had the busiest first quarter in its history." In another year, that is ALL Corpus will be known for with the city literally running out of water due to bloated disgusting industries like that.
281
aaronhayes26 3 days ago +65
Maybe all the tankers can drop off fresh water on their way in, too!
65
SleepingToDreaming 3 days ago +35
All the salt water with parts to build a desalinization plant, but on backorder until 2050.
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suzanious 1 day ago +1
They should have started that build 20 years ago.
1
Donnicton 3 days ago +3
mmm, fossilicious
3
hunterlarious 3 days ago +54
If only the city council used the $750 million allocated to them by the state to build the desalination plant like 7-8 years ago like they were supposed to.
54
stohelitstorytelling 3 days ago +20
yeah but it's Texas. There are no rules. Shit Houston doesn't even bother with basic zoning rules.
20
hunterlarious 3 days ago +3
You say that but they never built the plant
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stohelitstorytelling 3 days ago +3
Are you confused? I was making a point about Texas government being god-awful, non-sensical BS. Which I thought was what you were saying?
3
hunterlarious 3 days ago -1
Yeah I think I am confused by your comment. You would think that loose zoning would expedite the construction of that plant, but unfortunately it hasn’t.
-1
Still-Cash1599 3 days ago +1
The loose rules are why the plant isn't being built. It's similar to the internet in the great plains states. Between the feds and states multiple billions of dollars were given out to companies to build the infrastructure out. They did basically nothing but kept all the money and paid a couple million dollars in fines. It's welfare for billionaires.
1
hunterlarious 3 days ago
No the city council prevented it they didn’t approve it
0
Still-Cash1599 3 days ago +1
Yes they were paid to vote that way
1
HubrisOfApollo 3 days ago +2
they're building a data center here now too! yippie!
2
SleepingToDreaming 3 days ago
Oh boy, now they can sap the salt water, too!  That or convince the remaining residents to pee in cups to collect on a regular basis to supplement the water.
0
Poverty_Shoes 3 days ago +4
The war started on February 28th, Iran closed the Strait of Hormuz on March 4th, and it takes weeks for a tanker to get from the Gulf of Oman to Texas. I don’t think the war has much to do with the busiest Q1 in history. Q2 on the other hand… buckle up.
4
MadamPardone 3 days ago +5
The war has been going on for nearly 70 days. If they made the call 2 weeks in to reroute tankers to Texas it makes sense they would be arriving now.
5
yellowcloak 3 days ago +1
That's all it's known for now.
1
No_Society1299 3 days ago +168
Great for the CEOs and and investors in oil companies. Will they spread the wealth to their own countrymen at the pump?....f*** no. Energy should be nationalized.
168
InformationHorder 3 days ago +38
The US makes and handles more crude but ships it all away to be refined while our refineries aren't configured to process US and Canadian shale oils into fuels here. You'd have to start by retooling all the refineries. And survive the myriad of assassins sent by the oil tycoons.
38
NeilZod 3 days ago +12
> our refineries aren't configured to process US and Canadian shale oils into fuels here US refineries focus on refining heavy crude oils, like the oil pumped in from Canada. The refineries would like to also get it from Venezuela. The US exports light crude oil.
12
Valkyrie64Ryan 3 days ago +5
That’s why we start by imprisoning all the oil tycoons. I’m sure if we dig through their finances enough, the vast majority of them have got plenty of felony charges we can give them. You don’t get to be someone like that without skeletons in your closet
5
IcyWhereas2313 3 days ago +4
Sit down and just take it huh? Yeah, glad I drive an EV WITH solar panels…
4
Sheeple_person 3 days ago +9
*Laughs in walkable neighborhood resident*
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Pack_Your_Trash 3 days ago +8
I'm an American. What the f*** is a walkable neighborhood?
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uncleawesome 3 days ago +5
In America we call that a prison
5
Competitive_Touch_86 2 days ago +1
> You'd have to start by retooling all the refineries. No, they can process light crude just fine. You'd not make as much money since light crude usually costs a lot more per barrel as an input cost, and you would have a lot of stranded idled capital equipment doing not a whole lot. A refinery setup to refine heavy crude can process light crude with out retooling. The other way around is the difficult one. Logistics like pipeline capacity would be a much more difficult problem than refinery capacity.
1
InformationHorder 2 days ago +1
Ah interesting thank you for correcting my misperception. Am i understanding you correctly that you don't need as many cracking towers for light crude as you do heavy when you say It would leave a lot of idled equipment?
1
syynapt1k 3 days ago +1
And conservatives clap like seals (USA! USA!) whilst completely ignoring the fact that the average Joe will never see a dime of any of that money. It won't even trickle down as societal benefits from tax revenue since only the working class pay those.
1
DropDeadEd86 3 days ago +2
Hey!!! They “might” get a good scratcher and join them for a couple of months
2
PracticableSolution 3 days ago +35
I had to sit down and explain- with paper and pencil- to my mother- the Trump supporter - and former teacher- that the oil in the US is not ‘our’ oil. It belongs to an oil company. You cannot have it or dictate price because it does not belong to you no matter how much you want to because that’s socialism and I know how much you hate that. Now sit back and watch them get rich off of you like a happy capitalist.
35
Every_Kale_1586 3 days ago -17
But it sorta is Bro. I live in fracking country. Its shut down below 60 or 70 a barrel...above 100...frack baby frack....its billion of dollars to local economies in the US with oil prices this high.
-17
ryanleebmw 3 days ago +17
You’re missing the main fact that high oil prices are essentially an extra tax on consumers and businesses, and drives up the cost of production and of course transportation. This will cost much more economically than whatever you think is going back “to local economies” Just look up how much this has had an impact on farmers and fertilizer costs. Your fracking county will not be well off if we start to see food prices soar due to farmers being overwhelmed by the price of fertilizer.
17
Every_Kale_1586 3 days ago -17
Sure stuff is more expensive but the cost is spread out. Fuel being 30% more doesnt magically make things cost 2x more. It makes it cost..somewhat more... Fracking being economical viable open billions to hundreds of billions of dollars and new decent paying jobs that didnt exist 3 months ago.  Overall its a net win for american economics. I'll look up the data to back up the claims. But its been a well known goal of the OPEC policy to keep oil price under the threshold of american fracking viability.
-17
GreatPlainsFarmer 3 days ago +6
It's a net win for the states with the fracking fields. But for the nation as a whole? This is a heck of a drain on the rest of the economy.
6
DangKilla 3 days ago +5
Its sad to see people like this not being able to understand people cannot afford anything. Your math is bad.
5
Pyromaniacal13 21 hr ago +1
Three days, no data?
1
plaiidoh 3 days ago +15
Glad the billionaires are making 💰 and soldiers are willing to sacrifice themselves accordingly.
15
Mo_Jack 3 days ago +39
>As of early May 2026, U.S. crude oil exports have hit a record 5.2 million barrels per day (bpd), driven by high global demand and disruptions from the Iran war, with total oil and petroleum product exports reaching a high of 14.2 million bpd. >Record Exports: Exports reached 5.2 million bpd in April 2026, a significant increase from 3.9 million bpd in February 2026. >Increased Activity: Around 70 supertankers (VLCCs) were expected to load at Gulf Coast ports in April/May 2026, up from an average of 27 last year. >Refined Products: In addition to crude, the U.S. exports roughly 3 million barrels per day of gasoline, jet fuel, and diesel. >Export Restrictions Debate: Elevated record exports are putting pressure on domestic fuel supplies as summer travel approaches, creating potential pressure for export restrictions to lower domestic gasoline prices -CNBC The US is exporting more oil than ever before. The Trump administration has had a "drill, baby, drill" mentality towards tapping America's oil reserves. But, at the same time, they are exporting more oil than ever. More voices are calling for export restrictions from all areas of the political spectrum. Oil seems to be yet another policy area where the Trump administration's motto of "America First" seems to be falling on its face.
39
Power_Stone 3 days ago +26
its weird how we are drilling so much, exporting more than ever, and yet, the price at the pump is the highest that I can recall in my lifetime, I still remember the fits people had after 2001 when oil prices went above $3/gal for the first time
26
909non 3 days ago +15
seems like the president could institute some kinda "war time" policy to keep gas prices low and now be gouged .. of course that would limit the record profits from these oil companies, and thats not good
15
wonkytrees1 3 days ago +4
$2,992 dollars a second in PROFIT for BP, and Chevron right now
4
Power_Stone 3 days ago +3
What? Implement a windfall law that would either keep costs down for consumers or tax businesses higher during war time? Impossible, unheard of, unimaginable, no one would ever
3
Promethia 3 days ago +15
Oil is priced globally. Asia and Europe are desperate to buy oil, and will pay a high price for it. This changes the price for you, too. Export restrictions might stop oil companies from profit seeking off the increased demand, but it comes with a whole host of other problems.
15
Power_Stone 3 days ago +8
And who is screwing with the Middle East with countries that directly supply oil to Asian countries? So yes you are correct that oil is priced globally, but all it takes is one stupid Orange f*** to ruin it for everyone
8
ninjewz 3 days ago +2
That's just $$$ for the O&G companies. Most of the oil we drill we don't refine for domestic consumption.
2
MrMayhem3 3 days ago
We're not drilling all that much more is my understanding. I believe I've also.heard that over the last 10 years or so every extra drop of oil we drill baby drilled was sent overseas. I've heard this from an internet person that is an oil and gas expert but kinda take everything with a grain of salt so...
0
No-Definition1474 3 days ago +12
He might day drill.baby drill but we are producing the same amount of oil now as we did under Biden. Its all bullshit.
12
uberares 3 days ago +2
And rig counters were down by almost triple digits in 2025. They still aren’t up if any in 2026, as that takes time. 
2
rubyaeyes 3 days ago +2
This conflates petroleum products and oil.  We are a net exporter of petroleum products, but we are a net importer of oil. 
2
Hexdog13 3 days ago +1
Would much rather keep the oil for ourselves. We’ll need it when the rest of the world runs out.
1
No_Society1299 3 days ago
Oil should be nationalized, just like the only sensible thing to do after the 2008 crisis was nationalize the banks...but we didn't. Crisis after crisis after crisis.
0
Kind_Bath_4407 2 days ago +1
No chance. Oil company execs are old school money and power. Nationalisation of state resources is a key part of how we ended up in the current mess. Suggest you look into Mossadegh’s fate after attempting to do so.
1
Danne660 3 days ago
How the hell would nationalizing oil have helped in this situation?
0
No_Society1299 3 days ago +3
Is this a serious question? In times of scarcicy we could chose to only release our oil on the US market.
3
Danne660 3 days ago -5
You can already do that.
-5
No_Society1299 3 days ago +1
Really? You can *compel* US oil producers to withohold their oil and gas from international sale, and sales be made exclusive for the US market, AND set domestic fuel prices below international market rates? Unlike in some countries, in the US, the tail (corporations), walks the dog (government).
1
Danne660 3 days ago +1
If in the US the corporations rule the government then why would they allow themselves to be nationalized? And why did they allow the tarrifs?
1
call-lee-free 3 days ago +8
For any MAGA thinking this is great, no... no it isn't great.
8
Velocipedique 3 days ago +7
FYI: The U.S. implemented strict oil export restrictions following the 1973 Arab oil embargo, culminating in the 1975 Energy Policy and Conservation Act (EPCA) to ensure domestic supply and protect consumers from price volatility. This 40-year ban was repealed in December 2015 due to soaring production from the shale boom.
7
Staffie2020 3 days ago +7
Thank goodness, that the oil company's are making a tanker full of Petro dollars!
7
supercali45 3 days ago +6
How that trickling down to the people?
6
countafit 3 days ago +4
All going to orange pockets as planned.
4
DiverBackground6038 3 days ago +5
But but...that's our oil? Why would the companies export... 🙄
5
Mo_Jack 3 days ago +10
No, they have a piece of paper that says the oil underneath your feet is theirs. And if your government disagrees, they get overthrown.
10
Lildoc_911 3 days ago +2
If only we had some way to grab the stuff that makes products. Like seize it, and stuff. Ya know? 
2
Vortep1 3 days ago +8
America first crowd is quiet on this one
8
McHellfire 3 days ago +4
Meanwhile 5 dollars a gallon gas. Good times!!
4
platoface541 3 days ago +4
All that domestic oil and gas shipped off to the highest bidder…. Not me
4
IQBoosterShot 3 days ago +5
Too bad it's the consumers who are over the barrel.
5
Poobbly 3 days ago +6
America first would be preventing exports so that supply is higher and costs are lower. Trump and Republicans don’t give a shit about Americans unless they’re rich like owners of oil and gas companies.
6
GuitarGeezer 2 days ago +2
Here is why this is an expected harbinger of doom for American consumers: 1) America cannot fill the gap but the tankers are here to get as much as they can and will pay insano money for physical crude or refined products alike, 2) that is going frack consumers in the butt six ways to Wednesday with skyrocketing prices and potential scarcity until 3) the Fed govt is forced to put export controls. Repairs are not starting at the many damaged facilities until the strikes are surely over and then many oil/shipping facilities and US bases alike will be competing for a finite pool of specialized repair workers. Meaning it will certainly take longer than 3-5 years to fully bring 2025 outputs online again in Gulf States with 3-5 being their own possibly optimistic assessments given the worker shortage. This has already happened elsewhere in countries closer to the epicenter of the unimaginable loss. Just the fertilizer and farm equipment fuels lost will cause the collateral damage of condemning tens to hundreds of millions if not a billion or more to eventually starve or have severe malnourishment and to certainly have even more crushing poverty for years due to all of this. Even if the war ended weeks ago.
2
Aern 3 days ago +2
Gas heading toward $6/gallon and we're exporting more oil than ever. So glad we're a net exporter and energy independent!
2
i-read-it-again 3 days ago +1
Who would have thought
1
4kray 3 days ago +1
I’ve always felt this was one of the reasons for the atk. Alongside - No real threat (easy win, oh wait), but ‘troublesome’ & weak regime who has been trading w/ China and the Trump regime could be harmed by atking so let’s go.
1
PurpleSailor 3 days ago +1
I've heard talk of the president forbidding oil exports to try to lower the price of gas in the US. Things are going to get crazy if that happens.
1
JackBlackBowserSlaps 3 days ago +1
Hmm, surely this plays no part in the strait remains closed… 🤔
1
Puzzleheaded-Bed4682 3 days ago +1
You know what else is at a record? Oil company profits and that's just after Q1
1
hammer326 3 days ago +1
Not sure about you guys but while it's only tangentially relevant, between this and a story from a buddy whose company I know is heavily involved in all this data center construction " growing like they never have" I'm really f****** tired of hearing about industry after industry in boom after boom no small amount of the past 6 years so many People have had it so rough and I'm putting in 60-hour weeks sometimes counting all the time running my home business (atop a day job) and barely making over 50k a year.
1
frank1934 3 days ago +1
Which will make the cost of gas to go higher, check out MrGlobal on TikTok
1
Obvious-Train9746 1 day ago
He knows his shit, but explains it like he is looking down on everyone else. Serious Mormon vibes.
0
No-Weakness-2035 3 days ago +1
Man, those last minute campaign ~~bribes~~, I mean donations, are really paying off for the oil industry. And it only cost we the people a trillion dollars!
1
darthy_parker 2 days ago +1
Now there’s the real reason. Plus why the Argentina thing happened first.
1
Cyb3rBall00n 1 day ago +1
Literally exporting oil and importing inflation - thanks my guy.
1
RobutNotRobot 1 day ago +1
Devastating our natural environment, taking our oil, and paying the worst people in our society billions while giving us higher prices. We won!
1
EuphoricCrashOut 3 days ago +1
Explain to me why they're EXPORTING Oil... when their gas prices are HIGH AF.. shouldn't they USE that oil they have to REDUCE their prices???! dafaq
1
Zora74 3 days ago +5
Capitalism. The oil is not owned by the US. It is owned by oil companies. They sell to the highest bidder. They aren’t interested in lowering prices, because now they are getting more money for the same amount of work and the same amount of product.
5
EuphoricCrashOut 2 days ago +2
Sounds like the current administration messed up on that.
2
Zora74 2 days ago +3
Add it to the list.
3
horrorwibe 3 days ago +3
Because it is owned by companies. If America would own it that'd be communism, which is bad ofc. Are they winning yet?
3
EuphoricCrashOut 2 days ago +2
So when America goes to 'War for Oil' you're saying that they're actually going to war for Businesses and not the American people? Or you know, raid an entire Country and arrest its President, and steal the oil. Where did that oil go?
2
[deleted] 3 days ago -36
[removed]
-36
gotohellwithsuperman 3 days ago +13
How soon? How much? Please be specific, Nostradamus.
13
Strykerz3r0 3 days ago +6
Hahahaha! Oil is a global market. Do you honestly think that the companies are going to cut us a deal? With other nations having their production reduced, they are going to rake in the profits at our expense.
6
Kdave21 3 days ago -5
Export controls would f*** over Europe and most of the developing world, but would solve the issue domestically
-5
Strykerz3r0 3 days ago +3
Considering trump went to oil companies and solicited a billion dollars from them, I doubt he is going to work against their interests. https://thehill.com/policy/energy-environment/4961820-oil-bigwigs-open-wallets-for-trump-after-billion-dollar-request/amp/
3
Educational_Report_9 3 days ago +6
This is sarcasm, right?
6
MentalSky_ 3 days ago +5
Lolol. Good one
5
ledeblanc 3 days ago +3
Only if you stop buying it
3
Theduckisback 3 days ago +2
I think they're gonna get even higher. Especially since we keep doing stupid shit and cant negotiate a deal with Iran.
2
Crazyblazy395 3 days ago +2
I'll bet they hit $7 a gallon in the next 3 months. 
2
RandCauthon99 3 days ago -1
Here’s hoping that the US goes over $6/gallon soon.
-1
Kdave21 3 days ago -7
Here’s hoping export controls prevent this reality
-7
Mister_Batta 3 days ago -1
$2 a gallon in a couple of weeks!
-1
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