Trump adds $1 TRILLION in DEBT (with pitifully insignificant economic growth)

DaSleeper

DaSleeper

Trolling Hypocrites
May 27, 2007
33,676
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Northern Ontario,
petros said:
Fargo is booming and fagro is fuming.

Last year, the United States spent about $300bn (£180bn) on importing oil. This represented almost two-thirds of the country's entire annual trade deficit. Oil imports are, therefore, sucking hundreds of billions of dollars a year out of the US economy.

As the IEA says, a persistent trade deficit can act as a drag on economic growth, manufacturing and employment.

If the US achieved energy independence, not only would the country spend far less on cheaper, domestically generated power, but the money would be going primarily to US-owned energy producers.

The US's oil import bill also constitutes about 2% of the country's annual economic growth. As the US economy averages about 2% growth a year, the country would, in effect, be getting a year's growth for free.

It's not rocket appliance to see double the growth as a game changer.
Click to expand...

But but but...................................................

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petros

petros

The Central Scrutinizer
Nov 21, 2008
117,288
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Low Earth Orbit
petros

petros

The Central Scrutinizer
Nov 21, 2008
117,288
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Low Earth Orbit
Back to that?

It only works if you believe your own lie of doing 200 hundred hours volunteer time without it costing a single penny.

That's a pretty big lie.

You aren't a liar are you?
 
avro25

avro25

Time Out
Dec 8, 2017
439
0
16
petros said:
Fargo is booming and fagro is fuming.

Last year, the United States spent about $300bn (£180bn) on importing oil. This represented almost two-thirds of the country's entire annual trade deficit. Oil imports are, therefore, sucking hundreds of billions of dollars a year out of the US economy.

As the IEA says, a persistent trade deficit can act as a drag on economic growth, manufacturing and employment.

If the US achieved energy independence, not only would the country spend far less on cheaper, domestically generated power, but the money would be going primarily to US-owned energy producers.

The US's oil import bill also constitutes about 2% of the country's annual economic growth. As the US economy averages about 2% growth a year, the country would, in effect, be getting a year's growth for free.

It's not rocket appliance to see double the growth as a game changer.
Click to expand...

That's great.

So what's the progected growth rate?
 
mentalfloss

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
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avro25 said:
So now what?
Click to expand...

So now clearly oil is the only way because you don't drive a Tesla.

Yes, that's the level of stupidity we're dealing with here.

Or at least in some bum fukk nowhere place like Alberta or Saskatchewan.
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
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The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.

By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and increases in natural gas will surpass those of the former Soviet Union, the agency said in its annual World Energy Outlook. The boom will turn the U.S., still among the biggest oil importers, into a net exporter of fossil fuels.
 
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