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How much oil-market buffer is left?

116 points · 180 comments · mcone

  1. anovikov · · focus · HN ↗
    But for the US, there's no question like that. It produces a lot lot more than it consumes anyway. There can't be a shortage.

    Yes US produces mostly light crude and production of refined products requires also inputs of heavy one, but it's not produced in the Middle East anyway, so current situation can't impact that, either.

    1. Retric · · focus · HN ↗
      Global trade means domestic prices move even when you’re a next exporter of a commodity.
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