That’s the weird part of this all. The US is now the #1 exporter of crude oil. Lowering crude prices is generally not in the interests of America. Obviously there are some winners and some losers, but it’s a huge risk for a relatively neutral end result
Then again, I would have said the exact same thing about importing Argentinian beef, and Trump still did that. Fucked over the ranchers, but capital markets profited a lot
when that oil hits the market, it will tank the Texas Permian basin.
That’s the weird part of this all. The US is now the #1 exporter of crude oil. Lowering crude prices is generally not in the interests of America. Obviously there are some winners and some losers, but it’s a huge risk for a relatively neutral end result
Then again, I would have said the exact same thing about importing Argentinian beef, and Trump still did that. Fucked over the ranchers, but capital markets profited a lot