The Iran-Israel war did not surge in US energy prices, indicating that the end of the war is unlikely to be one, an energy sector expert told the Daily Call News Foundation.

The energy expert told DCNF. Despite Israel’s targets and damages Energy Infrastructure As Iran and the US oppose Iran’s nuclear infrastructure, oil futures have fallen sharply after setting market prices in Iran’s inactive retaliation on Monday, stabilizing for several days since the Iran and Israeli halt took place.

“Despite widespread fears, oil prices have not skyrocketed due to the ongoing war in the Middle East. That’s proof of America’s energy production,” Jason Isaac, CEO of the American Energy Institute, told DCNF. “The US remains the world’s top oil producer, and our shale industry continues to bring stability to the global market amidst geopolitical turmoil. Imagine where the prices would be without this domestic supply. (Related: “Drill Baby Drill” as a “emergency” pipeline tunnel permit, a step closer to reality)

Israel attacked the world The largest gas field June 14th in Iran. The next day, oil prices skyrocketed $70 per barrelbut they’ve returned roughly Barrel $65 As of Wednesday Ceasefire. According to energy sector experts, historically, this increase was a moment.

The minimal impact of the war on oil prices makes clear that the era of Middle Eastern chokeholds on oil supply could end forever, experts told DCNF.

“President Donald Trump is signaling that the oil industry here is very lively. He is shortening his time on fossil fuel projects, so expectations for the US fossil fuel supply are great,” said Diana Furchtgott-Roth. director The Heritage Foundation’s Energy, Climate and Environmental Centre Center told DCNF. “Prices are not set by current supplies, they are set by future expectations, so as soon as problems arise, oil prices rise.”

Furchtgott-Roth pointed out that President Donald Trump’s pro-oil policies are in a “dramatically different position” than in the 1970s. Oil crisis Arab countries like Kuwait and Saudi Arabia Domination World oil supply.

Ten years ago, it would have been impossible for wars in the Middle East to shift oil costs by a few dollars, Furchtgott-Roth said. Following on to Shale boomThe US has become a net exporter Around 2019formed a balance of the power of the oil industry. US pumps There is more oil than any other country in history, No. 5 According to data from the Energy Information Administration, oil around the world is annually.

According to energy sector experts, Trump’s energy policy has made the US well blessed to withstand market turmoil, including the oil-rich Middle East war.

Furchtgott-Roth pointed out that the US is net oil and natural gas Exporter And Trump’s “energy control agenda” allows America to use its resources. Offshore ExcavationAlaska oil and gas expansion and use National Parks To expand our energy resources, Furchtgott-Roth shows that all oil industries are growing in the coming years. (Related: American energy companies count down the number of days before Trump returns)

President Donald Trump gestures to leave after talking about the environment during a stop at Jupiter’s Inlet Lighthouse held in Jupiter, Florida on September 8, 2020. (Photo by Jole Raidle via Getty Images)

Iran’s parliament voted to close Important The passageway for oil tankers known as the Strait of Hormuz on Sunday is not expected by the Iranian regime to continue closing. multiple Report I have it It is listed If there was a strait Closedglobal oil prices may have wavered. US It encouraged China To stop Iran from closing the straits, and the threat has not yet been translated into action.

That’s not the case in the US Import Oil from Iran for decades, as war affects supply, the impacts are felt all over the world, Kevin Book, co-founders and management director ClearView Energy Partners LLC and Justin Logan director He spoke to DCNF, a defense and foreign policy research at the Cato Institute.

“The market is very resilient,” Logan said. He said oil prices were “really, really cheap” before the war broke out. Futures have returned to a I rate it as cheap It broke out as of Wednesday morning, just as before the war.

The ceasefire is currently stable, but the situation still changes to oil costs and could have an impact, experts told DCNF.

“If oil prices rise in parts of the world, they rise everywhere,” Logan said. Logan described the oil market as a “huge tub” and explained that the amount of oil that strains from the drain depends on how many oil suppliers you have in your tub.

According to Marc Morano, publisher of ClimatedEpot.com, assuming a ceasefire will be held, this situation provides a great opportunity for the US to assert more control than the global oil market, but the US should pay attention before celebrating.

“Oil prices remain relatively stable and have not been minimally varied so far. The US military against Iran is surgical and does not appear to be the beginning of a wider conflict,” Morano told DCNF. “If a fragile ceasefire is held between Israel and Iran, it will prevent energy prices from skyrocketing. But before we celebrate, we must recognize that this is a very unstable situation that can change in minutes.

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