[deepsun]

> This is all being exacerbated by the disastrous war in Iran

No, why? US is an exporter, not importer of oil, so any price increase of crude oil is good for US. Maybe not consumers, but government (Venezuela had literal amine while exporting a lot of oil and honoring all of the international debt payments). So US must have more money to service its international debt.

[RealityVoid]

What happens to the local price of oil if you are able to export the oil at a much higher price?

[deepsun]

It goes up. E.g. Washington state has a lot of cheap hydroelectricity, but once they started selling it to other states, it's local prices grew up a lot.

But I'm talking about budget deficit: more money in -- easier to service debt.

[enraged_camel]

>> US is an exporter, not importer of oil, so any price increase of crude oil is good for US.

It is good for US oil producers, who have indeed been making money hand over fist exporting oil at a premium. It certainly it not good for anyone else.

[deepsun]

Yes, I mentioned literal famine. But I'm talking about budget deficit -- more exports money certainly should help with balance.