The Georgia congresswoman once again called for the dissolution of the Union if Republicans don’t get their way
              • @[email protected]
                1•1 year ago

                You’re a dumbass. Neither of the people in this thread you’re replying to asked you and your reply to the person who did is stupid. Texas’ GDP is what it is because it’s part of the United States.

                You’re so simple you think Texas could secede from the United States and the companies and industries that promote that GDP would stay there? If clueless was a person it’s be you.

                  • @[email protected]
                    0•1 year ago

                    Hey everyone, this idiot I’m replying to can’t even read. Literally from the link:

                    And that also starts to impact the oil market. Yes, Texas has substantial oil reserves. They’re the leading producer of crude oil and natural gas in the USA, and the leading refinder of petroleum products. But of course, that’s all done by foreign companies in the Republic of Texas. Does Texas itself own any oil? Maybe, but I couldn’t find it. Do they Nationalize all petroleum production and send the oil companies running? That’s an annual $223 billion!

                    But here’s the other thing: all oil is currently bought and sold in Petrodollars. You buy oil in dollars, you sell oil in dollars. So the TexBux situation in Texas is a big problem… relative to other things in Texas, the cost of oil will go up. And this dynamic makes Republic of Texas less interesting for investors and oil companies than Texas, USA. Particularly if it’s unstable. Not that, after a century in the Middle East, they’re not strangers to how one gets the best of an unstable country. It’s just never good for that unstable country.