I think we have finally reached the end stage of the empire

    • Mrtryfe [none/use name]
      ·
      2 years ago

      Any reading on this? Not saying I don't believe you, but I am very interested in the topic

    • discountsocialism [none/use name]
      ·
      2 years ago

      Oil prices are based on global demand. Since the start of the conflict, week over week the US has been consistently selling more domestic oil to Europe and they are willing to pay more for it than we are.

      But yeah, speculators caused the prices to rapidly increase but we already saw the effect of this. If we beheaded all the speculators today, it wouldn't cause oil prices to substantially decrease because European demand is rapidly increasing.

      One solution is banning oil exports and then we would have cheap gas again but Europe would get crushed and they would go into an economic depression.