Comment on US frackers were already facing a global oil supply glut. Trump’s Venezuelan dream could make it worse

protist@mander.xyz ⁨1⁩ ⁨day⁩ ago

This is exactly what I don’t get about all this. If Trump starts dumping Venezuelan crude on the market, US crude, which is largely dependent on more expensive extraction techniques, becomes less competitive. This means all the oil fields in Texas and Pennsylvania shut down (among others), and all the associated jobs go away

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