The world is thirsty for oil. Can America replace the oil that Trump has bottled up?

I have not verified but I have been told twice in the last week that America is still a net importer of crude....if so we dont have ANY ability to make up for global loses.
 





Dittie

@DittiePE


Those tankers everyone is celebrating aren’t coming here for crude oil.They’re coming for diesel, jet fuel, and gasoline — refined products — and that distinction is everything.US distillate inventories dropped another 2.1 million barrels just last week. They’re already 3% below the five-year average. We are not flush. We are depleted.Meanwhile US refined product exports hit 6.3 million barrels/day in January — up ~10% from a year ago, near record highs. Diesel led the increase. More going to Europe. Less staying here.
 
Export diversification via pipelines and non-Hormuz routes could partially offset some shortages losses, but they cannot supply the same volume of oil and other desperately-needed materials.

We can always take them out if tyrant Trump doesn't beg us for a deal. He cannot win his increasingly disastrous war of attrition with the whole world (barring Israel) opposed to him politically.

The midterms are not looking good for tyrant Trump's party. He could be impeached again as soon as next year. That will trigger an automatic trial in the Senate. If Democrats and independents stick together and can persuade just a few Republicans in the Senate to convict the braggart, he'll be removed from office before he can finish his term.

Bibi is not even safe from his voters. Legislative elections for the 26th Knesset are scheduled no later than October 27, 2026.
 

Oil prices rise on uncertain prospects for US-Iran ceasefire​


Oil prices climbed while stocks are mixed after President Trump announced the extension of a ceasefire with Iran, prompting investors to wait and see if peace talks will resume.

With the Strait of Hormuz still blocked to Gulf energy transit, traders remain wary that attacks could resume – even though Wall Street indices are at record highs after recovering losses since the Middle East war erupted in late February.

Analysts say expectations are high that both Trump and Iranian authorities want to end a war that has sent oil and gas prices soaring, threatening economic growth worldwide.

Equity investors “seem convinced that the war will soon be over, or that it will have little effect on the US economy, even if energy prices remain relatively elevated”, said David Morrison, senior market analyst at Trade Nation.

With Hormuz oil shipments still shut, Asian and European countries that rely most on Middle East energy supplies are scrambling to cope with soaring inflation that could derail growth.

“The ceasefire extension hasn’t done much to calm nerves given that worries remain about the impact of the energy squeeze on the global economy,” said Susannah Streeter, chief investment strategist at Wealth Club.



INTERACTIVE-How-much-is-206-million-barrels-of-Gulf-oil-worth-1775651231.png
 
America has a lot of oil. Oil prices are determined on international markets. I am sure even Trumpys have noticed the jump in gas prices at the station. Drill more, it will change nothing.
 
Nordberg said:
America has a lot of oil. Oil prices are determined on international markets. I am sure even Trumpys have noticed the jump in gas prices at the station. Drill more, it will change nothing.
Click to expand...


American oil (and US refineries) cannot replace the oil that Trump's blockade has bottled up in the Persian Gulf.
 
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