Loading ...It’s another small sign of a reversal of globalization. It shows growing obstacles for businesses operating unfettered across international borders. This is good for LOWER oil prices too.
Globalization caused an artificial excess demand and price for Oil. Too much oil was wasted on LONG DISTANCE, trans ocean and trans continental delivery of cheap consumer products from various countries exporting to the USA.
“That’s not going to happen anymore” As per Trump, but the trend already started after 2009.