There is a 3rd option: that the US government (fed+treasury) have learnt to target and implicitly cap oil prices, through such things as tacit quid-pro-quo agreements with the Saudis, allowing Iranian oil to flow freely despite sanctions, or aggressive use of the US SPR to increase supply.
There is a 3rd option: that the US government (fed+treasury) have learnt to target and implicitly cap oil prices, through such things as tacit quid-pro-quo agreements with the Saudis, allowing Iranian oil to flow freely despite sanctions, or aggressive use of the US SPR to increase supply.
Helps when you are energy self sufficient. US can now credibly threaten oil exporting nations, and could place export taxes on energy exports if it so wished to protect the domestic market
There is a 3rd option: that the US government (fed+treasury) have learnt to target and implicitly cap oil prices, through such things as tacit quid-pro-quo agreements with the Saudis, allowing Iranian oil to flow freely despite sanctions, or aggressive use of the US SPR to increase supply.
Helps when you are energy self sufficient. US can now credibly threaten oil exporting nations, and could place export taxes on energy exports if it so wished to protect the domestic market