The issue then becomes when Mexico and Venezuela, and even domestic producers are tempted to sell internationally because they're being offered higher prices by the folks that would have bought oil elsewhere. That demand can create a bit of shortages. It's a global market.
We will still be buying that same oil, at higher prices but there still will be no shortage of actual oil.
Well, there is now less oil globally. So, technically, there is in fact a shortage. So who gets the oil depends on who pays the piper. Oil companies aren't motivated to keep the oil in the US just because it was produced here if prices are better elsewhere.
1973 … I was a full service gas station attendant. Doing an oil change or patching a tire in the garage and then “ding ding” I would go out and pump gas, wash windows, check oil, change bulbs.
Same boat as you. Just crossed 50k miles in mine, and want to do more than the oil change this go-round. Might be a bit pricey!
As tongue-in-cheek as that was meant to be... (I snickered a little too)EVs using up all that oil...
Dude. Most of your crude oil comes from Canada. It's probably why we don't have a shortage at the moment as we have a lot and our smaller population base doesn't consume nearly as much.
yes Canada is one, did I miss that in my list. I guess I did.
