That depends, what was the impact of going to an international economy? Prices decreased overall, so did wages.

You've not answered the question.

It's a binary choice.

If we are going to talk America first, then by God, make it American Oil and we will still survive all of the price increases.

Again you are not getting it. Nothing that happens in the ME can negatively impact our domestic market. Quite the opposite since our shale product is so lite if we have to fill export demand gas prices go *down* in the US because of the supply of distillate.

False Dichotomy There are more than two choices.

nothing in economics is binary, like I was saying about wages

Either the prices rise, or they fall.

If the prices rise.

No, the economy absorbs it the way economies do.

Is that positive or negative for the consumer?

Again, not a binary thing.

They NEVER are.

They absorb *some* of the impact

In this case, it is.

Either it benefits the consumer, or it doesn't,

It's a false argument because prices go down and supply goes up.

How are you unable to answer a simple question?

It's A or B.

Either price increases hurt consumers or they benefit them.

Economies expand and contract, and they broaden and narrow. These things are multidimensional.

What's your answer?

@Jokerfaic How do you actually talk to these people?

A AND B

See, in binary, you can AND, and you can OR, and you can XOR.

<:brainlet:505799727657254922>

This is not an OR, this is an AND

So price increases benefit the consumer

How so?

The benefit the consumer by raising the wages of those who produce product B

Assuming product A is oil

In this instance, that's not going to increase the wages of many people.

Yes it will.

1. US is an oil exporter and also the most advanced refiner.

2. US also has the most extensive system of pipelines.

3. It will always be cheaper to produce and distribute any petrochemical domestically than to pay the transport costs of export.

4. Therefore any foreign supply shortage results in increased domestic production which is sold domestically at a discount rate.

We will open more markets by exporting more than importing.

Detroit Demographics

According to the most recent ACS, the racial composition of Detroit was:

Black or African American: 79.12%
White: 14.10%
Other race: 3.02%
Two or more races: 1.90%
Asian: 1.50%
Native American: 0.34%
Native Hawaiian or Pacific Islander: 0.02%

Does this mean in Detroit black people are the majority and everyone else is minorities?

So why hasn't that happened then?

AND we will decrease our electricity costs as it will become cheaper to produce via the natural gas we will need to process. This in turn will make our labor cheaper, and increase production in the US>

After the recent Saudi oil facility bombing

Why is the price of oil still so high?

Meaning, higher costs for the consumer?