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   Reed Mideke (reedmideke@mastodon.social)'s status on Sunday, 05-Oct-2025 10:28:03 JST Reed Mideke

   in reply to

   As previously noted*, the "drive down the price of oil to make Russia negotiate" idea floated by some in the Trump camp never seemed serious: "Oil production costs in the U.S. are significantly higher than in Russia or OPEC. This means that, if global oil prices fall below $50, large part of the U.S. oil production will be wiped off the market, and prices will quickly rebound"

   https://frontelligence.substack.com/p/oil-tariffs-stagflation-and-the-fiscal

   * https://mastodon.social/@reedmideke/113947456400366732