He says other nations will have to guard and police the Strait of Hormuz as necessary, after his attacks on the country prompted Iran to target vessels in the crucial world shipping lane. Mark Stone analyses the Truth Social post.
He says other nations will have to guard and police the Strait of Hormuz as necessary, after his attacks on the country prompted Iran to target vessels in the crucial world shipping lane. Mark Stone analyses the Truth Social post.
Well according to Chief Cheeto, that doesn’t matter because the USA “doesn’t use it” 🤦♂️
Ignore the $4/gal sign at your nearest gas station.
America is a net exporter of oil, Trump could limit the export of oil or make a deal with Venezuela or reduce domestic demand by investing in mass transit and renewables, but any of those would be as bizarre as expecting Richard Nixon to make a trade deal with communist china.
A whole new transit network is not going to be there in time for the midterms. Venezuela’s oil industry isn’t what it used to be, and the US is a net exporter anyway, like you said.
Banning export might actually cure the symptom. The costs would not be zero either, though.
Banning export means everyone would charge import price -0.01$ per unit for their oil products, same as it is now. At least until storage is filled which will take a good bit of time (US strategic oil reserves are basically empty). The US gas prices aren’t high because there is no gas in the US, there is just more profit in selling it overseas.
I’m not quite sure I understand. Import to the US? Obviously, nobody’s importing from the US if there’s a straight up ban.