Post #2790421
2026-05-04 00:12 UTC
Here’s the thing. They don’t want it this high. People start looking at alternatives. Buying electric cars. That sorta thing. They want oil between like $60-90 a barrel. Not $120. He’s not happy. At least not long term.
Replies (2)
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@frongt@lemmy.zip 2026-05-04 04:19
We had oil crises in the 80s and gas over $4 in 2008. I don't see this having any significant long-term impact. Existing efforts will continue, but most people will just go right back to their old habits.
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@ChokingHazard@lemmy.world 2026-05-04 00:44
Nah man that’s multiple quarters in the future and every drop the US can produce and sell will get out there meaning maximum profits. For long term you’re right. Which longterm it’s probably the right direction. It should have stayed $4-$5 from back when Bush/Obama was in office. Alternatives would already be here.