JD Vance has said Americans should comfort themselves with the fact that allies are "suffering more than we are" from soaring gas and oil prices.

The worst and most stupid bit is this:

Speaking to crowds on Wednesday, vice president JD Vance said US allies are “suffering from this, frankly, more than we are.”

He claimed this was because they had “focused on a lot of green energy scams and they’re hurting a lot more than we are.”

Vance continued:"As much as we’ve got to focus on getting these gas prices down, the reality is overseas they’re feeling it far worse than we did because we’ve taken the steps to protect our energy economy.

  • merc@sh.itjust.worksEnglish
    171·
    20 days ago

    Oil / Gas is a global commodity, shipped around the world on tankers. If prices are higher in France, someone will take cheaper oil/gas from the US and ship it to France where they can make more money.

    In the short term, maybe the US suffers less. But, in the longer term prices well even out as people will sell wherever they can get the highest profits.

    • sobchak@programming.devEnglish
      2·
      20 days ago

      US oil export terminals are operating near 100% capacity. The US can’t physically export more than they’re doing already. I think that’s the main reason for the WTI and Brent gap.