alt Hacker NewsThe USA is a net exporter so technically if export restrictions are put up the Americans will likely be fine. The rest of the world, not so much. I live in Japan and I'm definitely worried about the rest of the year.
The USA is a net exporter so technically if export restrictions are put up the Americans will likely be fine. The rest of the world, not so much. I live in Japan and I'm definitely worried about the rest of the year.
> technically if export restrictions are put up the Americans will likely be fine
Technically no. The oil we export isn’t a fit for the oil we refine. We’re slaved to the global market, though our exports do give us a tool. (Unfortunately, it requires taxing oil production (since we can’t tax exports [1]) to pay for, ideally, a monthly cheque to every American, and less ideally, a refiner credit to push down domestic gas prices.
[1] https://constitution.congress.gov/browse/essay/artI-S9-C5-1/...