this post was submitted on 24 Aug 2024
1077 points (97.2% liked)

Memes

45893 readers
2019 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] BeardedGingerWonder@feddit.uk 1 points 4 months ago (1 children)

Oil has a single price on the global market, doesn't matter if you're in the US or Europe.

[โ€“] xthexder@l.sw0.com 4 points 4 months ago* (last edited 4 months ago)

As it turns out, moving oil across the ocean is really expensive. Even if you can buy oil at the same price in the US and Europe, it's still cheaper to buy it locally and not have to deal with moving it.