Quote Originally Posted by larry_arizona View Post
Isn’t US oil largely unaffected by global production?

My understanding is we stay under 10% import of foreign oil or at least outside of US and Canada.


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Global production doesn't matter since the US is now the largest oil producer in the world but with OPEC and global markets we are still exposed to volatility.

Having a glut surplus doesn't change the calculus if the market thinks we're about to engage in a zero sum game in the middle east.

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