News Reporter@lemmy.wtfB to Economy@lemmy.world · 5 months ago'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatumwww.cnbc.comexternal-linkmessage-square9linkfedilinkarrow-up126arrow-down11cross-posted to: endlesswar[email protected][email protected]
arrow-up125arrow-down1external-link'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatumwww.cnbc.comNews Reporter@lemmy.wtfB to Economy@lemmy.world · 5 months agomessage-square9linkfedilinkcross-posted to: endlesswar[email protected][email protected]
minus-squareNoneOfUrBusiness@fedia.iolinkfedilinkarrow-up1·5 months agoSetting aside the Trump part of this: Does Europe not buy US oil? If so, why not? Seems like it’d one way to replace lost Russian oil.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkarrow-up5·5 months agoThey do. Right now, the US produces more oil than it ever has. In fact, it produces more oil than any other country ever has. The whole idea of producing even more is going to make us more prosperous is nonsensical. https://www.eia.gov/todayinenergy/detail.php?id=61545
minus-squareramble81@lemm.eelinkfedilinkarrow-up2·5 months agoIirc they buy Indian Oil at a cheaper price, which rumor is it’s just rebranded Russian Oil.
Setting aside the Trump part of this: Does Europe not buy US oil? If so, why not? Seems like it’d one way to replace lost Russian oil.
They do. Right now, the US produces more oil than it ever has. In fact, it produces more oil than any other country ever has. The whole idea of producing even more is going to make us more prosperous is nonsensical.
https://www.eia.gov/todayinenergy/detail.php?id=61545
Iirc they buy Indian Oil at a cheaper price, which rumor is it’s just rebranded Russian Oil.