As soon as Trump says no, they lose 40 sponsors.
“As soon as Trump says no, they lose 40 sponsors.”
Agree, the sponsor count means NOTHING until Trump supports it. During his first term, AT LEAST 82 Senators (meaning most of the Republicans too) would have voted to throw Trump out of the White House, but it was a public vote, so they knew better.
As soon as Trump says no, they lose 40 sponsors.
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Looked it up. Only 7% of the 1500+ vetoes ever cast get overridden with 2/3 vote both houses.
Beyond all that and probably more important, the recent OPEC+ increase in output allocates 16% of that to Russia. China and India are explosively growing their consumption, and everyone else already has customers for their output.
In a few weeks the new update to the Bible of oil comes out. As of now China’s consumption is 16.6 million bpd. Growth about 5%/yr. India is at 5.44 mbpd. Growth 11%/yr.
China does produce about 4.5 mbpd. India less than 1 mbpd.
Eyes glaze over unless they are used to storing these numbers. Bottom line: they have nowhere else to get the oil and oil is life. If an iPhone prices up 500% then iPhones won’t be bought. But oil has to be bought because it carries food to grocery stores.