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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. soperj · · focus · HN ↗
      Why would any producer in the US sell it locally if they could get more by shipping it?
      1. Aspos · · focus · HN ↗
        The real question then is how quickly export ban can be implemented?
        1. daedrdev · · focus · HN ↗
          Oil is not a single good. Different types of crude produce different products at various grades hence why diesel is so expensive in the US compared to something like natural gas
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