Arguably accurate on the oil front as the US net exports, but the housing crisis is gonna get _real_ bad after the price of lumber triples, ending all construction...
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Arguably accurate on the oil front as the US net exports, but the housing crisis is gonna get real bad after the price of lumber triples, ending all construction...
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Don't they have to rework their refineries in order to replace Canadian oil? Instead the refineries currently working with Canadian oil are specifically built to process dillbit, due to having been built to use Venezuelan dillbit originally.
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That and Canadian oil sells at a discount. Cut off the largest foreign oil supply and replace it with domestic oil that sells at full price, all while every trader knows you are buying up all the excess oil to refill the strategic reserve, and hooo boy are gas prices going to go up.
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True, the refineries would be an issue, but I don't think anyone has thought through what halting all construction is going to do to a housing market with a $24k/year national average to make rent already.
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Oh yes I didn't mean to deny the point on housing.
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DominusOfMegadeusreplied to [email protected] last edited by
It's ok. After they're all deported, we won't have any more migrant laborers to build anything anyway (I'm ~(sadly)~ American).
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[email protected]replied to [email protected] last edited by
If the US net exports oil, why does it need ours?
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I know that Trump plans to "drill baby drill" but realistically they don't need to replace our oil at all; if they lost our supply entirely it'd just make their gas a bit more expensive. They already have a surplus.
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