While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard.
Why does it affect america? Doesn’t the country produce in surplus? I know supply & demand yada yada garbage, but do these countries like europe even buy american oil?
Why does it affect america? Doesn’t the country produce in surplus? I know supply & demand yada yada garbage, but do these countries like europe even buy american oil?
I’m guessing it’s not a physical shortage, but the fact that the companies are going to raise prices because they can.