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by seanmcdirmid
3462 days ago
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As an example to back up what you are saying, when the Middle East decided to embargo the west on oil, the west focused heavily on fuel efficiency and developing new oil resources, to the point that oil went bust for the most of the 80s and the Middle East hurt badly. There are always options if the country is rich enough. The USA could redevelop manufacturing relatively quickly or even lean more heavily on Bangladesh, India, and Vietnam. All china would get out of it are newly developed competitors. |
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