Will the price of oil stop Trump's wars?

[Madison320]

I think the biggest thing saving the economy right now is the historically cheap price of oil ($56). If Trump decides to launch a war in Venezuela, Middle East, Russia, etc it could easily send oil to $200-300 a barrel. That would crush the US economy.

I can easily see a scenario where Trump starts a war, oil spikes way up, and Trump quickly backs off.

 

[nikcers]

The US economy doesn't work like that anymore its not 2005. We have energy independence and our largest trading partner is ourselves because of the debt.

Low oil prices haven't done much at all to make prices cheaper for a reason.

All they have done is forced the banks to lower interest rates but because of the debt and because of the USA's tech and defense industry the difference isn't felt by most people.

If the USA didn't have the debt then the price of dollars would be highly inflationary by oil prices but because those "debt dollars" are highly invested in and intertwined with assets other than oil the US currency would remain stable.

Lower energy prices in fact hurt us but they hurt countries like Venezuela or Russia or Iran even more than they hurt us it kills them without firing a shot.

Its the same tactic we use against bugs. We spray our crops with poison so that bugs don't eat our food. This kills the bugs because they are weak but doesn't kill the USA.

 

[acptulsa]

The US economy doesn't work like that anymore...

 

[nikcers]

Foreign governments did go to war so that oil prices would go up.

Specifically countries that nationalized their oil. Russia, Iran, Venezuela, and others have nationalized oil.

That used to hurt the US economy because we didn't produce oil and we didn't have a lot of debt dollars that generate revenue through global investments.

We help other countries that produce oil so that other countries don't attack those countries and steal their oil.

This protected those countries and our foreign investments in those countries.

Thats how we defeated the soviet union.

We created a global and competitive marketplace for oil and other goods and kept oil and goods prices low.

 

[acptulsa]

Foreign governments did go to war so that oil prices would go up.

Specifically countries that nationalized their oil. Russia, Iran, Venezuela, and others have nationalized oil.

Bot, I don't recall any of those countries except Russia ever going willingly to war.

 

[nikcers]

Bot, I don't recall any of those countries except Russia ever going willingly to war.

Yeah they haven't gone into a direct hot war because it costs too much.

Specifically because of the USA making the global economy so big that going to war costs too much.

This happened only because of the USA's global investments.

Only Russia has been rich enough to wage endless wars because modern warfare is expensive and they have lost tremendous amounts of territory, blood, and treasure doing it.

Russia's borders have shrank and their population is collapsing and their country is killing themselves because they are paying the modern cost of war that the USA spent 100s of years creating.

 

[acptulsa]

Foreign governments did go to war so that oil prices would go up.

Specifically countries that nationalized their oil. Russia, Iran, Venezuela, and others have nationalized oil.

Yeah they haven't gone into a direct hot war because it costs too much.

Nothing, but nothing, flip flops faster than a bot.

 

[nikcers]

Nothing, but nothing, flip flops faster than a bot.

Russia uses those other countries that nationalized their oil as vassal states.

So basically Russia has been the bad actor paying the enormous costs of war.

The USA is a global super power because we profit from protecting other countries from Russia.

We profit and Russians lose territory and become poorer.