USA didn’t do that, because USA has/had plenty oil to support itself
Only 60% of the oil produced in the US is used by the refineries in the US. But even if it were 100%, oil is still globally traded and thus the price is tied to global availability.
When I talk to MAGA types who say we should only be using our own oil, they don’t realize they are endorsing an anti-capitalistic solution to gas prices. They resist this knowledge when I point it out to them.
Only 60% of the oil produced in the US is used by the refineries in the US. But even if it were 100%, oil is still globally traded and thus the price is tied to global availability.
When I talk to MAGA types who say we should only be using our own oil, they don’t realize they are endorsing an anti-capitalistic solution to gas prices. They resist this knowledge when I point it out to them.
Gas price high: use our own oil!
Gas price low: drain everyone else’s first!