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monkeywithgun t1_j6c9pb7 wrote

Reply to comment by joho999 in Massive fire breaks out at oil refinery in Iran by slc73

The sad thing about that is that even if it doesn't, your prices are still going up.

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angelcake t1_j6faiaa wrote

That was the point I was trying to make. Prices everywhere will be impacted by something that happened in a country from which we do not buy oil, because the entire system is corrupt.

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Contain_the_Pain t1_j6ffmn4 wrote

Oil is a fungible commodity traded on a global scale. It doesn’t matter where you personally get your oil if people sound the world start bidding higher prices because they’re suddenly freaked out by a real or imagined supply shock.

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