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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 ultimatum

www.cnbc.com

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'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum

www.cnbc.com

News Reporter@lemmy.wtfB to Economy@lemmy.world · 5 months ago
message-square
9
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  • cross-posted to:
  • endlesswar
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  • [email protected]
Donald Trump made threats of sweeping tariffs on U.S. trading partners a key part of his presidential campaign.
  • NoneOfUrBusiness@fedia.io
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    5 months ago

    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.

    • FlexibleToast@lemmy.world
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      5 months ago

      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

    • ramble81@lemm.ee
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      5 months ago

      Iirc they buy Indian Oil at a cheaper price, which rumor is it’s just rebranded Russian Oil.

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