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'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum (www.cnbc.com)

submitted 1 week ago by [email protected] to c/economy

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[–] [email protected] 1 points 1 week ago (2 children)

Setting aside the Trump part of this: Does Europe not buy US oil? If so, why not? Seems like it'd one way to replace lost Russian oil.

[–] FlexibleToast 5 points 1 week ago

They do. Right now, the US produces more oil than it ever has. In fact, it produces more oil than any other country ever has. The whole idea of producing even more is going to make us more prosperous is nonsensical.

https://www.eia.gov/todayinenergy/detail.php?id=61545

[–] [email protected] 2 points 1 week ago

Iirc they buy Indian Oil at a cheaper price, which rumor is it’s just rebranded Russian Oil.