3 ms·
> Remove oil/gas imports from the national trade balance, and Portugal is suddenly a very very rich country. Is energy that much of typical person's spend? And
by landemva 3y ago
> Remove oil/gas imports from the national trade balance, and Portugal is suddenly a very very rich country.
Is energy that much of typical person's spend? And internal creation of energy doesn't drop the cost to consumers to zero.
- sergiosgc 3y agoIt is a relevant portion of a personal budget, if you include transportation costs. On a national level, though, it's huge. Portugal imports all of its oil and gas, and has a trade balance that is permanently on the slightly negative side. Energy is a very easy way to fix that, with excellent economic second order effects.