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Takin in to account that the USA has its own micro-economy of oil demand and supply due to local extraction, I would like to know

Takin in to account that the USA has its own micro-economy of oil demand and supply due to local extraction, I would like to know what is the economic function of oil in the USA.

What factors drive price of oil on the micro economy

What government policies does USA use to control local oil price?

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