Immortals
Elite Member
It still imports from Canada and Mexico and Venezuela. And “energy dominant” doesn’t mean “low prices” when supply and demand shifts. The oil fields are not nationalized they are in hands of publically traded oil companies who will sell at whatever the market rate is.
The only thing that the U.S. government can do is suspend the gas tax (minor relief) and ban oil exports which would send shockwaves around the worlds and signal “hoarding” is okay.
As I said before, Trump will be forced to sign a deal he doesn’t like once the water in the pot reaches a boiling point. So far the release of Western oil reserves has kept oil ~$100 and gas somewhat manageable ($4/gallon) but that won’t last forever.
BY end of June things will start being felt and by August it could be systemic. This is without any attacks on Iran’s energy infrastructure or the Arabs. Just the normal status quo.
