Corporations have no loyalty except to their own interests and the shareholders.
They don’t care who gets the oil. If the oil is produced by the US, Saudi Arabia, or Norway, none of those countries get any special access to oil produced by companies based there. The oil gets sold at global market price based on market forces, so if your oil can be purchased at a higher price by being exported, it’s going away. Your local prices go up for fuels or LNG even if you produce a ton of it yourself.
Because that’s the market we’ve established. Corpos don’t care, they’re making billions.
Corporations have no loyalty except to their own interests and the shareholders.
They don’t care who gets the oil. If the oil is produced by the US, Saudi Arabia, or Norway, none of those countries get any special access to oil produced by companies based there. The oil gets sold at global market price based on market forces, so if your oil can be purchased at a higher price by being exported, it’s going away. Your local prices go up for fuels or LNG even if you produce a ton of it yourself.
Because that’s the market we’ve established. Corpos don’t care, they’re making billions.