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To: buwaya
The US economy is not in the main supported by extraction industries wherein the state owns the resources.

Oh yeah? Who's the one dictating where we get to drill for oil? The US government tells us whether we can extract oil from Alaska, from shale in North Dakota, or offshore. We're currently looking at gas prices double what they were just a few years ago because our government says we can't do anything to alleviate that.

The proceeds of the US economy aren’t, in the main, invested abroad, but are recycled into (hopefully) productive domestic investments.

Seems to me like we invested in factories in China and Mexico, and the infrastructure to support them, and are now dependent on them, whereas in the US we've moved to a service economy, and we literally have bridges falling down.
28 posted on 07/12/2023 10:19:46 PM PDT by fr_freak (Such a foul sky clears not without a storm.)
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To: fr_freak

Most US oil and gas comes out of private land.

Before the current US government got their mitts on policy gas was cheap. Change that government and it will again be cheap. Do not condemn the US to hell because you are unhappy about the last five minutes, historically.

Russia however cannot change. Their system is locked in, no matter who is on top.

The big push of the last ten years more or less, has been about insourcing.


30 posted on 07/12/2023 10:27:32 PM PDT by buwaya (Strategic imperatives )
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