Perhaps a dumb question: Given Saudi Arabia / Russia appears to be waging war on US oil production... Why isn't our government putting tariffs on imported oil to support American industry/jobs?
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The best course or action would be for the us government to just buy as much as they can to save for later. Two problems: 1 storage 2 may not congressional authorization
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This says we export 3mm barrels a day. Import about double that of 5.8mm.pic.twitter.com/IRo6MQhi5M
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My mistake. Thanks for the correction. So USA is a net exporter of petroleum products but still a net importer of crude. You’re right, I think. Tariffing up crude imports would help support local producers. I’d have govt expand strategic reserve first, but tariffs would work also
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