joho999 t1_j6c93i0 wrote
Reply to comment by angelcake in Massive fire breaks out at oil refinery in Iran by slc73
yeah, but the people who do will then start buying more from places you do.
monkeywithgun t1_j6c9pb7 wrote
The sad thing about that is that even if it doesn't, your prices are still going up.
angelcake t1_j6faiaa wrote
That was the point I was trying to make. Prices everywhere will be impacted by something that happened in a country from which we do not buy oil, because the entire system is corrupt.
Contain_the_Pain t1_j6ffmn4 wrote
Oil is a fungible commodity traded on a global scale. It doesn’t matter where you personally get your oil if people sound the world start bidding higher prices because they’re suddenly freaked out by a real or imagined supply shock.
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