President Trump suggested that Europe should buy US oil and gas to address trade deficits and strengthen alliances. I have a few qualms with this.
Trump talks a big game, but backing it up is a whole different story (meaning I wouldn’t recommend holding your breath while we wait and see if this comes to fruition). That’s not my only concern here though. Europe is facing a whole lot of issues, and prioritizing energy exports to a struggling region isn’t in the best interest of the US.
Instead, America’s energy resources should be allocated to emerging economies in regions that the US could use as strategic footholds and partners down the road. I’m talking Southeast Asia rather than Europe. Carefully selecting allies as the world deglobalizes is going to be very important…so, let’s hope Trump can do more than Tweet about all this.
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