| | *[https://oilprice.com/Energy/Oil-Prices/200-Oil-No-Longer-Crazy-Idea-as-Middle-East-Supply-Collapses.html $200 Oil No Longer Crazy Idea as Middle East Supply Collapses]. | | *[https://oilprice.com/Energy/Oil-Prices/200-Oil-No-Longer-Crazy-Idea-as-Middle-East-Supply-Collapses.html $200 Oil No Longer Crazy Idea as Middle East Supply Collapses]. |
| − | ::"If [[oil price]]s hit $200 per barrel, the national average for [[gasoline]] could exceed $6.50–$7.00 per gallon...At $200 per barrel, over $400 billion in [[discretionary spending]] could vanish, severely impacting sectors like [[retail]], [[travel]], and [[hospitality]]...[[Oil]] at $200 per barrel could push headline [[inflation]] above 7–8%, levels not seen since the 2022 crisis...Projections indicate that $200 oil could shrink U.S. Real [[GDP]] by 1.5% to 2.5%... Industries that rely heavily on [[energy]], such as [[chemical]]s, [[plastic]]s, and [[steel]], would see their [[profit]] margins collapse." See: [[Crude_oil#Types]] for how there are hundreds of different types of Crude oil depending on [[sulfur]] content, and how refinery [[infrastructure]] is built to service a particular grade originating from a specific [[geographical]] location. | + | ::"If [[oil price]]s hit $200 per barrel, the national average for [[gasoline]] could exceed $6.50–$7.00 per gallon...At $200 per barrel, over $400 billion in [[discretionary spending]] could vanish, severely impacting sectors like [[retail]], [[travel]], and [[hospitality]]...[[Oil]] at $200 per barrel could push headline [[inflation]] above 7–8%, levels not seen since the 2022 crisis...Projections indicate that $200 oil could shrink U.S. Real [[GDP]] by 1.5% to 2.5%... Industries that rely heavily on [[energy]], such as [[chemical]]s, [[plastic]]s, and [[steel]], would see their [[profit]] margins collapse." |
| | *[[Asia Sentinel]]: [https://www.asiasentinel.com/p/trump-administration-global-trade-war-fizzles Trump Administration’s Global Trade War Fizzles]. ''China wins out even as exports to US fall steadily.'' | | *[[Asia Sentinel]]: [https://www.asiasentinel.com/p/trump-administration-global-trade-war-fizzles Trump Administration’s Global Trade War Fizzles]. ''China wins out even as exports to US fall steadily.'' |