'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum
'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum
Donald Trump made threats of sweeping tariffs on U.S. trading partners a key part of his presidential campaign.
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Is there nowhere else in the world that the EU could get their oil and gas? And no alternatives to oil and gas? It would be kind of ironic if trump doing this and Musk pushing electric cars actually reduced the world's reliance on fossil fuels!
I think Norway(I know they aren't part of The EU) and Sweden also have at least natural gas reservoirs that are currently being used to supply the EU.
Is there nowhere else in the world that the EU could get their oil and gas?
Sure, that is why Trump wants the EU to buy from the US instead.
Plenty of other places, all of them much worse.
Call me old fashioned but even with all of their problems I would still rather buy stuff from Trump’s USA than - say - Azerbaijan, or any of the turds with lipstick in the Middle East such as UAE, SA or Iran.
Oil, probably. Gas might actually get a bit difficult, though.
Doesn't Norway have Gas?
You think we would be buying LNG from the Americas if Norway had enough gas for the whole continent?
Mhm I guess not
https://www.bruegel.org/dataset/european-natural-gas-imports
But the percentage of US import in the quarterly dataset isn't that high though