World News

[–] MrTrono@lemmy.world 8 points 1 month ago

7th graders also say this after reading the first page of their economics textbook

[–] The_Che_Banana@beehaw.org 5 points 1 month ago

Oil CEOs are going to the hospital emergency room in record numbers because thier erections are lasting days longer than the 4hr maximum

[–] Not_mikey@lemmy.dbzer0.com 2 points 1 month ago

Even more proof trump is a secret green destroying the fossil fuel market from the inside /s

[–] unitedwithme@lemmy.today 10 points 1 month ago

Trump is doing EXACTLY what he's told to do, by the big oil and auto execs, because remember, he DIDN'T go to prison and DID get reelected somehow...

Hey, remember a decade ago when he said he'd run America like a business?!?! Remember how many times he's gone bankrupt? Well.. Add a tally to those lists.

[–] yogthos@lemmy.ml [S] 13 points 1 month ago (9 children)

this is almost a certainly a when and not an if, the US will always protect its own economy first

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[–] bold_atlas@lemmy.world 13 points 1 month ago* (last edited 1 month ago) (7 children)

It will instantly destroy the US economy too. America's globalised market and money machine simply can't be turned off. It's pure last minute cope.

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[–] yogthos@lemmy.ml [S] 5 points 1 month ago

For sure, knock on effects will be huge. The US economic system is deeply tied into the global economy and it's nowhere close to being self sufficient.

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[–] gary_host_laptop@lemmy.ml 3 points 1 month ago

i don't know if it's last minute cope, i mean this is the same tactic of destroy a sector of the economy, buy the petite bourgeoisie and accumulate more capital.

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[–] HobbitFoot@thelemmy.club 3 points 1 month ago (3 children)

It wouldn't be completely turned off, it would just be the closing of one American commodity that Trump can't risk before the midterms. With inflation as bad as it is across the world, I don't see other countries trying any retaliatory trade action in part because they aren't going to be able to afford it.

I expect Russia to make a lot of money as countries drop their sanctions.

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[–] CyberMonkey403@lemmy.ml 1 point 1 month ago (2 children)

I expect Russia to make a lot of money as countries drop their sanctions.

Arguably, it would actually serve to further destabilise Russia. It might not have made global news, but there's something of a fuel crisis in Russia at the moment - due to drone bombings of oil refineries and such. The one fuel seemingly unaffected is diesel, due to Europe closing down on imports, so there's just a lot left around. So while personal car drivers are seething in fuel lines, trucks and buses continue without much issue. If Europe starts buying diesel again, it will all go there, leaving buyers inside Russia empty. Which would mean bye-bye logistics, and hello pissed off (even further) population.

The capitalists will make lots of money though, this much is correct. But Russia as a whole? Nah.

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[–] eldavi@lemmy.ml 1 point 1 month ago (1 child)

the concern seems to focus on diesel and the europeans have proven that they would rather cut their noses to spite their faces -- i suspect that they'll never buy russian diesel until this current crop of leaders are replaced by harder core right wing figures.

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[–] CyberMonkey403@lemmy.ml 1 point 1 month ago

harder core right wing figures

And those are going to be even worse and even more bloodthirsty. It's a no-win scenario

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[–] tacosanonymous@lemmy.blahaj.zone 3 points 1 month ago

But I think that’s part of it. It seems like they’re totally cool hurting everyone, including themselves. They’ll just lie and point fingers elsewhere. All the while they’re stuffing their pockets with cash, presumably to wipe their asses with in their bunkers.

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[–] KnightOfOldEmpire@lemmy.ml 2 points 1 month ago

A statement that still shocks people.

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[–] ThomasWilliams@lemmy.world 6 points 1 month ago* (1 child)

It won't make any difference to the pump price, because its set by world parity pricing. And as the US has only a small net positive balance for oil imports and exports, it won't make any difference to the rest of the world either.

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[–] eldavi@lemmy.ml 1 point 1 month ago* (last edited 1 month ago)

it goal is to minimize the bleeding in the midterm elections as much as possible and it'll do that for the short term gain at the expense of long term pain.