[beebmam]

To be clear, the US is the largest oil producer in the world, and is a net exporter of oil.[1][2] (Shale is a large part of that growth in the last decade)

The US benefits when oil prices increase. If you want to speculate on the geopolitical reasons for this action, it could be to help the allies of the US by driving oil prices down through OPEC production plans. If you want to speculate on the domestic reasons for this, it could be to try to keep gas prices lower at the expense of overall US GDP.

In the end, a brutal dictator gets diplomatic immunity and prestige and the rest of the world averts its eyes to keep its economies well-functioning.

1. https://www.worldometers.info/oil/oil-production-by-country/

2. https://www.eia.gov/energyexplained/oil-and-petroleum-produc...

[yywwbbn]

> US benefits when oil prices increase

I’m not sure about that. Generally the US economy benefits from lower oil prices and I think that outweighs any losses incurred by the oil industry. That’s especially relevant now with inflation being such a huge concern.

[beebmam]

>Generally the US economy benefits from lower oil prices

Before the 2010s, yes. But not now, not in this era of Shale. It has changed everything.

"Oil prices do have an impact on the U.S. economy, but it goes two ways because of the diversity of industries. High oil prices can drive job creation and investment as it becomes economically viable for oil companies to exploit higher-cost shale oil deposits. However, high oil prices also hit businesses and consumers with higher transportation and manufacturing costs. Lower oil prices hurt the unconventional oil activity, but benefits manufacturing and other sectors where fuel costs are a primary concern." [1]

1. https://www.investopedia.com/articles/investing/032515/how-o...