Canuck here. Can the author(s) please explain why the graphic representation posted implies that the US imports NO oil. Canada exports ~4,000,000 bbl/d of heavy crude to the US, for refining. This export revenue is obviously a boon to the Canadian economy. But importantly, those oil import quantities represent a value-add economic/GDP benefit to the US. Their/your refineries DEPEND on these heavy crude imports to generate their “processing gains” (refer https://www.eia.gov/energy) and just operate at peak productivity. (Refer https://www.afpm.org/newsroom/blog/how-much-oil-does-united-states-import-and-why). This import/export relationship is mutually beneficial, for which both countries could be justifiably be grateful.
You mean for less than half of what the Somalis stole from us in Minneapolis we have disarmed the worst terrorist state in the world for over 45 years? That is a favorable price to pay for transformative change in the Middle East.
UNEARNED- you are myopic. America has been the most successful nation in the world because we have been the most innovative & productive nation since the Egyptians. Your success is earned, too, because of your talent. You would do just as well in Australia or Great Britain or any other free nation in the world, but would not be so forum in Iran, N Korea, Russia, China, or another such place where you do not have the freedoms we do.
That may have been true in the past but the US’s reputation has changed dramatically. Between the imposition of illegal tariffs, the threats against your allies, suggesting that the US’s interests takes precedence over other nations sovereignty, to illegally bombing small boats in the Caribbean to starting wars that threaten the global economy without consulting them and then expecting them to go the ME on your behalf after denigrating them since he took office is the height of arrogance
Empires historically have lasted 220-250 years and they all follow a pattern. Once you owe the amount of debt (38 trillion) that’s been accumulated because other nations bought your treasury bonds, that propped up your debt but you are now considered a risk where the breakdown of the rule of law is very evident.
Your government is not obeying your constitution and American citizens are being killed on your streets and and thrown in inhumane detention centres where people are denied their right of due process
Private prisons and being paid 170.00 a day to hold them in jail so another consequence of funding from “the big beautiful bill)
For some reason, Scott always over estimates US economic power as measured by GDP. In this post he says the US controls one third of the world economy. Almost every economist, Wall Street, the World Bank, the IMF, the CIA, the FT all compare national GDPs by using purchasing power parity rather than current exchange methodology. By that measure, China’s GDP is 1/3 greater than our own. Check it out by Googling national GDP by PPP. Also, Google best methodology to compare national GDPs.
Canuck here. Can the author(s) please explain why the graphic representation posted implies that the US imports NO oil. Canada exports ~4,000,000 bbl/d of heavy crude to the US, for refining. This export revenue is obviously a boon to the Canadian economy. But importantly, those oil import quantities represent a value-add economic/GDP benefit to the US. Their/your refineries DEPEND on these heavy crude imports to generate their “processing gains” (refer https://www.eia.gov/energy) and just operate at peak productivity. (Refer https://www.afpm.org/newsroom/blog/how-much-oil-does-united-states-import-and-why). This import/export relationship is mutually beneficial, for which both countries could be justifiably be grateful.
The USA imports almost as much crude as we export. Our refineries are very crude oil specific
You mean for less than half of what the Somalis stole from us in Minneapolis we have disarmed the worst terrorist state in the world for over 45 years? That is a favorable price to pay for transformative change in the Middle East.
UNEARNED- you are myopic. America has been the most successful nation in the world because we have been the most innovative & productive nation since the Egyptians. Your success is earned, too, because of your talent. You would do just as well in Australia or Great Britain or any other free nation in the world, but would not be so forum in Iran, N Korea, Russia, China, or another such place where you do not have the freedoms we do.
That may have been true in the past but the US’s reputation has changed dramatically. Between the imposition of illegal tariffs, the threats against your allies, suggesting that the US’s interests takes precedence over other nations sovereignty, to illegally bombing small boats in the Caribbean to starting wars that threaten the global economy without consulting them and then expecting them to go the ME on your behalf after denigrating them since he took office is the height of arrogance
Empires historically have lasted 220-250 years and they all follow a pattern. Once you owe the amount of debt (38 trillion) that’s been accumulated because other nations bought your treasury bonds, that propped up your debt but you are now considered a risk where the breakdown of the rule of law is very evident.
Your government is not obeying your constitution and American citizens are being killed on your streets and and thrown in inhumane detention centres where people are denied their right of due process
Private prisons and being paid 170.00 a day to hold them in jail so another consequence of funding from “the big beautiful bill)
For some reason, Scott always over estimates US economic power as measured by GDP. In this post he says the US controls one third of the world economy. Almost every economist, Wall Street, the World Bank, the IMF, the CIA, the FT all compare national GDPs by using purchasing power parity rather than current exchange methodology. By that measure, China’s GDP is 1/3 greater than our own. Check it out by Googling national GDP by PPP. Also, Google best methodology to compare national GDPs.
Why does Norway have the only net positive GDP? Just interesting.