The United States has a net export of around 0 barrels, meaning that it is neither an importer nor an exporter of oil today. So macroeconomically the US should be more or less unaffected on an aggregated level.
The United States has a net export of around 0 barrels, meaning that it is neither an importer nor an exporter of oil today. So macroeconomically the US should be more or less unaffected on an aggregated level.
Not true. Shale oil is very expensive to extract while Saudi oil is amongst the cheapest. Low prices are going to put shale producers out of business and the Saudis will gain market share.
Of course, Trump could slap some tariffs there, but high energy costs are never popular (no matter how good they may be).
You don't want to be using WTI crude to produce bunker fuel - that's like using truffles to season canned beans - you could do it, but it doesn't make rational sense to do so. Better to export your WTI for uses that need such a quality crude (and pay accordingly), then import some low quality OPEC basket crude to produce bunker fuel.