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by delecti
85 days ago
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I think the main reason is that they were all too incompetent to realize what the effects of the war would be on the global financial system. The bets were probably just a happy opportunity for corruption. > The whole thing is so stupid it makes my head hurt Look on the bright side, at least the malicious actors aren't able to competently implement their goals. |
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The US/North America is petroleum-product-independent-ish. We produce approximately as much hydrocarbons as we use. We also could produce a lot more but tar sands, shale oil, etc. are more expensive to produce and not very profitable at $60/bbl but it's there ready for the taking. When you're talking about how we aren't it's about how certain refineries are tuned for which type of oil and how we import unrefined and export the refined products, etc... but we're not RUNNING OUT of oil or energy.
Many places in the rest of the world aren't like that and will suffer much greater losses while the US is relatively strong. Of course we're all linked, but a power hungry dictator might only really care who's on top in a relative sense even if everybody is dragged down.