the strong do what they can and the weak suffer what they must or resort to asymmetric warfarehttps://twitter.com/TheWarMonitor/status/1213143793379229696 …
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Well the fungibility of it makes a supply disruption anywhere show up in prices everywhere
1) The USA can shut off exports with a tweet. 2) Thanks to Canadian politics/geography, Albertan oil is also our oil and it's awesome. The US has a stable 100% local supply, and if we're not part of global markets... maybe we don't care?
Nobody wants to hear it, but this is part of why fracking was so important: it permits greater freedom of action to the US, and the potential to reduce our footprint in the ME. Will we? Probably not, our leaders are fantastically stupid. But the potential is there.
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