this post was submitted on 30 May 2026

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Exxon Warns Oil Inventories Are Near Crisis Levels as Emerging Markets Dump US Treasuries (blocknow.com)

submitted 2 weeks ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] wheezy@lemmy.ml 2 points 2 weeks ago (1 children)

Is your point to say this is good for the US? Good for Oil companies in the US maybe. On the short term. But oil is a global commodity. The oil goes to whoever is willing to pay. Unless you think Trump is going to nationalize the oil industry. Americans are just as fucked as anyone else. Doesn't matter where the oil comes out of the ground. It matters who is selling it and who is buying.