Post #72640 by albaby1 on the US Policy board

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Even though the US not only controls it's own sizeable production, controls most Canadian exports, which have no exit from Canada, other than pipelines through the US, and controls all of Venezuela's production, it would be communistical to not require USians to compete for oil at the global price.

It's LOOP, baby. The Law of one Price:

https://en.wikipedia.org/wiki/Law_of_one_price

Not quite as fun an acronym as NAIRU, but there you go.

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