4 ms·
Are you assuming that developed countries are net energy importers, and developing countries exporters? The U.S. is close to coming into balance, thanks to fra
by martincmartin 11y ago
Are you assuming that developed countries are net energy importers, and developing countries exporters? The U.S. is close to coming into balance, thanks to fracking. Plus, some large profits from oil come to the U.S. when prices are high, because many oil companies are based in the U.S.
- jessaustin 11y agoA net-petro-exporter USA is still a USA the economy of which is mostly not based on resource extraction. That's why the USA dollar has appreciated against those of e.g. Canada or Australia.