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224 points zekrioca | 1 comments | | HN request time: 0s | source
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esseph ◴[] No.45340841[source]
My theory is that he wants to use the sale of US fossil fuels to pay off the debt. Maybe that's bogus, just my uneducated opinion!

(I also think it's incredibly shortsighted)

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margalabargala ◴[] No.45340902[source]
In terms of being able to pay off a debt, having more resources (power from wind and fossil fuels) is strictly better than less (just the fossil fuels).

So that's not even remotely economically sound or logical.

In conclusion you're probably right.

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bawolff ◴[] No.45341305[source]
I suppose hypothetically if he significantly increased royalties/export fees/whatever and joined OPEC to manipulate the price of oil, it might help.

Obviously that would be crazy.

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1. JumpCrisscross ◴[] No.45341424[source]
> if he significantly increased royalties/export fees/whatever and joined OPEC to manipulate the price of oil, it might help

Joining OPEC would subject the United States to production quotas. We're the world's largest oil producer. But we're also the largest consumer.