Comments on: So long, OPEC, you’re at the top of President-elect Trump’s hit list https://energi.media/markham-on-energy/so-long-opec-youre-at-the-top-of-president-elect-trumps-hit-list/ Explaining complex stories for Canadians Mon, 14 Nov 2016 21:03:34 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: Energy Historian https://energi.media/markham-on-energy/so-long-opec-youre-at-the-top-of-president-elect-trumps-hit-list/#comment-265 Mon, 14 Nov 2016 21:03:34 +0000 http://theamericanenergynews.com/?p=22963#comment-265 If Trump bans OPEC oil from America OPEC would just flood the world market driving prices down.

Then America has to create a price floor to maintain domestic production and if Keystone is built export restrictions to keep oil sand oil from flowing to Louisiana and then offshore. This raises inflation in the US and keeps “jobs from coming back” and potentially the difference is enough to pay the tariff on Mexican and Chinese imports and jobs move abroad.

The policy you have just described was called the National Energy Program under Trudeau Sr. in Canada in the 1980s, it failed miserably and it shows you don’t know your energy history.

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