this post was submitted on 04 Oct 2024
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I agree what you wrote, but I have problem with this paragraph:
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.