๐ฟ๐ถ๐๐ถ "not yet begun to fight"Seen in Seattle today. We're going to see $10/gallon before this is over. I guarantee it.
Also, a quick reminder before the replyguys come in. Yes, these are indirectly caused by the blockage of the Strait of Hormuz. No, that is not because of a lack of crude oil. While that used to be true decades ago in the 80s, since then, the US has become the largest *exporter* of crude oil in the world. For us, this is a pricing issue, not a supply issue. Buying more crude from other countries would not solve this. We have plenty of supply, and even a ton in reserve. It's just costing us more to buy it because the price of gas is almost directly tied to the global oil market.
For other countries (China and Russia for instance), this isn't a pricing issue. It's a supply issue. Running out of oil for them means food can't get delivered to cities. It means factories can't run. It means electrical grids go dark. For other global super powers, running out of oil is a massive infrastructure clusterfuck.
If you like the fact that America isn't currently facing that existential threat, thank Obama and Biden. They did that for you.
-rb@Lana Iโm not an oil expert but apparently the crude oil from the US is light/sweet oil, but our oil refineries are built for heavy/sour oil, which isnโt compatible. So we export the oil we extract from the ground, and we import the oil we actually use.
Obviously we could build / modify refineries but corporations donโt have any motivation to do such an expensive upgrade.
hal