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Old 03-09-2022, 20:11   #12
GratefulCitizen
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Join Date: Aug 2007
Location: Page/Lake Powell, Arizona
Posts: 3,411
There are no long-term supply problems.
Maybe a short-term shock, but the nation is quite secure when it comes to oil and oil products.

Yes, there is a net importation of crude, but there is also a net exportation of refined products.
On balance it’s pretty close to scratch.

https://www.eia.gov/dnav/pet/hist/Le...s=WCRNTUS2&f=W
https://www.eia.gov/dnav/pet/hist/Le...s=WRPNTUS2&f=W
https://www.eia.gov/dnav/pet/hist/Le...s=WTTNTUS2&f=W

As shown in an earlier link, there is tremendous crude production capacity which was idled during the pandemic.
The temporary price spike will more quickly wring the excess money out of the system, and fuel prices will stabilize.

With regards to oil, the nation is in a much better situation than it was when the price spiked back in 2008.
That settled down just fine.

Nmap and I debated the point at some length in an old thread.
Just like then, this will pass.

https://www.professionalsoldiers.com...ad.php?t=18342
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