this post was submitted on 21 Jan 2026
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What if, instead of prices continually going up because oil resources are declining (the "peak oil" scenario), prices collapse below the point where unconventional oil resources remain profitable? The US became an oil exporter only because prices were high enough for shale, and that's basically doomed in an environment where oil prices don't keep up with inflation.
Unless oil production is actively subsidized we might end up with kinks in the oil supply chain.