Originally Posted by
furloughfuntime
Excargodog is basically a troll poster at this point, offering completely unserious takes and irrelevant comparisons. He's basically become the new sonicflyer (what happened to that guy?)
A page or two back, he defended Trump's unhinged twitter rantings by claiming that's the same way we won WW2.
The economic analysis of a guy who thinks WW2 was won because FDR threatened the axis powers in the style of Trump should be taken with a grain of salt to say the least
Well unfortunately the link you posted (which I found quite educational) was to the NYT so it will instantly get dismissed as "fake news" by some on this forum
I think one of the second-level effects of this war, as you point out, is that while this shock will hurt the US less than it would have in the 1970s (both because we produce more oil, and because we have far more efficient planes, cars, etc etc), the oil shock is much worse in Asian and European countries that import most or all of their oil. They are absolutely going to do whatever they can to transition away from oil, and guess who's going to be there to profit from that transition? As you said -- our friends in Beijing.