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To: JPJones
Exporting oil just means that more (stronger!) dollars are flowing into the country.

First, there are fewer stronger dollars flowing into the country because the world isn't buying oil. Second, our exports become more expensive and US exporters suffer.

72 posted on 03/08/2020 6:06:36 PM PDT by palmer (Democracy Dies Six Ways to Sunday)
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To: palmer

“First, there are fewer stronger dollars flowing into the country because the world isn’t buying oil. “

Before becoming an exporter, there were NO dollars flowing into the country, it was ALL outflow. Bad.

“Second, our exports become more expensive and US exporters suffer.”

Not necessarily. Other countries need oil and food no matter what the price. We STILL bought foreign oil when it was $150/barrel.


92 posted on 03/09/2020 3:45:59 AM PDT by JPJones (More Tariffs, less income tax.)
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