{"id":263577,"date":"2026-04-15T11:00:12","date_gmt":"2026-04-15T10:00:12","guid":{"rendered":"https:\/\/www.worldsocialism.org\/spgb\/?post_type=snippet&#038;p=263577"},"modified":"2026-04-14T16:43:03","modified_gmt":"2026-04-14T15:43:03","slug":"todays-take-away","status":"publish","type":"snippet","link":"https:\/\/www.worldsocialism.org\/spgb\/snippet\/todays-take-away\/","title":{"rendered":"Today\u2019s take-away"},"content":{"rendered":"<p><a href=\"https:\/\/www.afpm.org\/newsroom\/blog\/how-much-oil-does-united-states-import-and-why\" target=\"_blank\" rel=\"noopener\">Most crude oil (88%) refined in the US<\/a> comes from fields in the US, Canada and Mexico, all a long way from the chaos currently being wreaked by the latest Middle East war. Yet average retail <a href=\"https:\/\/gasprices.aaa.com\/for-the-first-time-in-four-years-national-average-exceeds-4-gallon\/\" target=\"_blank\" rel=\"noopener\">petrol prices in the US have risen by over 30%<\/a> since January.<\/p>\n<p><strong>The reason?<\/strong> Along with every other major raw material, crude oil is subject to a world market price, so a major disruption to supplies, be it caused by war or an economic bottleneck, will have a global effect.<\/p>\n<p><strong>The lesson?<\/strong> National governments (however big the country!) have little influence over the world market. In particular, any politician who promises to control prices is lying through their teeth.<\/p>\n","protected":false},"template":"","class_list":["post-263577","snippet","type-snippet","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet\/263577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/types\/snippet"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/media?parent=263577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}