Originally Posted by MaxFly
Moreover, we are now far less beholden to the Saudis or any of the other OPEC nations given that the US is top 5 in oil production and petroleum exports and with our friends Canada and Mexico helping to support our markets. The new state of affairs is a stark reversal from what the Saudis have been used to and it terrifies them that the US is exceptionally energy independent. They can no longer court us with oil (in fact, they have been forced in the past to artificially lower production to keep prices up), so now it's Iran.
Lol. We do have our own oil . We are just copying how the Dutch got rich without having actual natural resources . But hold on, the last time I look, since the Gulf war, our government have spent over 4.5 trillion dollars ( could’ve be over 5 trillion by now). So how can we profit from this? Hmmmm. Common folks would suggest weapon sales. We are netting less than 200 billion a year so do the math, are we profiting from it. Hell nah. So why our government with trillions of debt keep spending and why the heck this is very important to us. Hmmm. What’s the catch?
Economics 101, law of supply and demand.