False. The U.S. does not make a lot of money when oil prices go up. Oil rents make up less than 1% of the U.S. economy, compared to 24% for Saudi Arabia or even 43% for Iraq. Rising oil prices will just squeeze U.S. consumers and the U.S. economy in favor of oil producers.
zerohedge
zerohedge7 hours ago
*TRUMP: MORE IMPORTANT TO ME IRAN IS STOPPED THAN HIGH OIL PRICE *TRUMP: US MAKES A LOT OF MONEY WHEN OIL PRICES GO UP
The biggest winners from this crisis are going to be *checks notes* Libya, Congo, Angola, Guyana, Azerbaijan, and Chad. Congratulations to those countries. Russia too.
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