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MAGAts be all ... (lemmy.today)

submitted 2 months ago by [email protected] to c/memes

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[–] takeda 3 points 2 months ago

I agree what you wrote, but I have problem with this paragraph:

It doesn’t really matter to the US, we produce a ton of oil domestically and have been switching over our refineries to process it. Europe, China and India will be the ones to really feel the squeeze when Russian oil goes offline.

While it is true that US produces enough oil domestically to have enough for itself the price for oil is global.

US has option to of course close its exports and not be affected by it, but in the process it will lose its allies who will suffer even more by that (this sounds more like that trump would do, as it would piss off allies which we need and it could be sold internally as protecting Americans)

The other option would be to keep market open, but then the price hike would affect us but it would be smaller, because it would be shared among everyone.