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Reason: None provided.

it does not mean limiting supply or fixing price as you are stating, it means increased domestic production which results in less reliance on imports.

You do realize that oil is a global commodity, right? That means it doesn't matter where it comes from, all the oil sales everywhere in the world are subject to the same market forces and the same price fluctuations. So energy independence or not, if the price of oil goes up abroad, it goes up in the US too because if it didn't, then US oil producers would sell their oil abroad for more money.

Therefore, the only way you could insulate your national market from global instability would be to isolate it from the global market i.e. banning exports. And from there, the only way to keep prices stable within that isoalted market would be to manage supply.

This means severe market intervention by the state, which is the very thing Max claimed to be ideologically opposed to, but forgot all about when the price of oil went up.

4 years ago
1 score
Reason: None provided.

it does not mean limiting supply or fixing price as you are stating, it means increased domestic production which results in less reliance on imports.

You do realize that oil is a global commodity, right? That means it doesn't matter where it comes from, all the oil sales everywhere in the world are subject to the same market forces and the same price fluctuations. So energy independence or not, if the price of oil goes up abroad, it goes up in the US too because if it didn't, then US oil producers would sell their oil abroad for more money.

Therefore, the only way you could insulate your national market from global instability would be to isolate it from the global market i.e. banning exports. And from there, the only way to keep prices stable would be to manage supply.

This means severe market intervention by the state, which is the very thing Max claimed to be ideologically opposed to, but forgot all about when the price of oil went up.

4 years ago
1 score
Reason: Original

it does not mean limiting supply or fixing price as you are stating, it means increased domestic production which results in less reliance on imports.

You do realize that oil is a global commodity, right? That means it doesn't matter where it comes from, all the oil sales everywhere in the world are subject to the same market forces and the same price fluctuations. So energy independence or not, if the price of oil goes up abroad, it goes up in the US too because if it didn't, then US oil producers would sell their oil abroad for more money.

Therefore, the only way you could insulate your national market from global instability would be to isolate it from the global market. And from there, the only way to keep prices stable would be to manage supply.

This means severe market intervention by the state, which is the very thing Max claimed to be ideologically opposed to, but forgot all about when the price of oil went up.

4 years ago
1 score