Israel has damaged an Iranian-Qatari gasfield responsible for 20% of the world’s liquefied natural gas supply, with US president Donald Trump threatening to destroy it further if Iran continues to retaliate.
I’m sure some US oil execs think they’ll come ahead from this, and they’re probably whispering in Trump’s ear. Except they might not survive the incoming economic shock themselves in a classic capitalists-ignoring-agregate-demand situation.
BYD and the CCP:
Trump is a useful idiot for everyone except the USA.
I’m sure some US oil execs think they’ll come ahead from this, and they’re probably whispering in Trump’s ear. Except they might not survive the incoming economic shock themselves in a classic capitalists-ignoring-agregate-demand situation.