considering that everything we touch is transported by truck and so much is made of oil based products that even extra revenue from exports would seem to adversely impact the economy.
except profit is concentrated while costs are spread out and impact inflation. additional profit does not offset inflationary pressures
In the short term there will be some inflation impact. But if the price rise is lasting, domestic oil production will increase, and consumption will slightly decrease. The net impact to the economy is modest, but sure some people are impacted more than others. For those that have 401ks or stocks the share price appreciation of the energy companies is non trivial.
https://www.reuters.com/business/en...tent&utm_medium=trueAnthem&utm_source=twitter oil reserves to be back to prepamdemic levels by year end.
