05-27-2025, 10:05 PM
WSJ editorial board agrees with the secondary sanctions.
https://www.wsj.com/opinion/donald-trump..._permalink
I think this only works because oil is relatively cheap now. If oil were pricey, I think we’d balk; oil is fungible and anything that reduces supply would push prices up. Maybe with oil hovering at $60/barrel that’s fine, but if anything happens and oil shoots up to $100 and gas prices nationally go north of $4/gallon and I bet we lose our nerve.
BC
https://www.wsj.com/opinion/donald-trump..._permalink
I think this only works because oil is relatively cheap now. If oil were pricey, I think we’d balk; oil is fungible and anything that reduces supply would push prices up. Maybe with oil hovering at $60/barrel that’s fine, but if anything happens and oil shoots up to $100 and gas prices nationally go north of $4/gallon and I bet we lose our nerve.
BC
