This is getting swamped by COVID stuff in the general Trump thread. But seriously wtf? Why would an American President want to help Russia and Saudi Arabia raise oil/gas prices?
https://www.nytimes.com/2020/04/12/b...ronavirus.html
Even as someone who wants to see higher oil prices as a means to fighting climate change I find this shocking. Carbon tax systems keep the money inside the country so they are neutral in terms of capital flows and economic impact. This deal is a massive capital flow toward two problematic and hostile nations. It helps Russia, helps Saudi Arabia and hurts just about everyone else including US consumers. Why would any American President do something like this.
https://www.nytimes.com/2020/04/12/b...ronavirus.html
Even as someone who wants to see higher oil prices as a means to fighting climate change I find this shocking. Carbon tax systems keep the money inside the country so they are neutral in terms of capital flows and economic impact. This deal is a massive capital flow toward two problematic and hostile nations. It helps Russia, helps Saudi Arabia and hurts just about everyone else including US consumers. Why would any American President do something like this.
via International Skeptics Forum https://ift.tt/2yeVlVT
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