You’re a dumbass. Neither of the people in this thread you’re replying to asked you and your reply to the person who did is stupid. Texas’ GDP is what it is because it’s part of the United States.
You’re so simple you think Texas could secede from the United States and the companies and industries that promote that GDP would stay there? If clueless was a person it’s be you.
Hey everyone, this idiot I’m replying to can’t even read. Literally from the link:
And that also starts to impact the oil market. Yes, Texas has substantial oil reserves. They’re the leading producer of crude oil and natural gas in the USA, and the leading refinder of petroleum products. But of course, that’s all done by foreign companies in the Republic of Texas. Does Texas itself own any oil? Maybe, but I couldn’t find it. Do they Nationalize all petroleum production and send the oil companies running? That’s an annual $223 billion!
But here’s the other thing: all oil is currently bought and sold in Petrodollars. You buy oil in dollars, you sell oil in dollars. So the TexBux situation in Texas is a big problem… relative to other things in Texas, the cost of oil will go up. And this dynamic makes Republic of Texas less interesting for investors and oil companies than Texas, USA. Particularly if it’s unstable. Not that, after a century in the Middle East, they’re not strangers to how one gets the best of an unstable country. It’s just never good for that unstable country.
Other nations sell their petrol exploited by private businesses in USD, other nations are rich from that exploitation.
Texas doing the same thing though? Nah mate, impossible!
And no, “texbux” isn’t an issue as anyone who knows even a tiny bit about economy and politics would tell you, no country can prevent another from using their currency as theirs. That’s why eleven nations other than the USA have USD as their money and the number is even higher when counting countries that peg their currency to the USD’s value.
Same for the Euro which is legal tender in some places outside Europe.
Maybe you should go check if someone talked about that somewhere on Quora.
In Texas v. White’s ruling:
There was no place for reconsideration, or revocation, except through revolution, or through consent of the States.Scalia’s opinion on the subject was shared as an answer to a letter so it has no legal precedence.
deleted by creator
Sorry if I gave an example of a state that already has agreed borders and that actually compares to rich nations like I was asked 🤷
deleted by creator
https://lemmy.world/comment/3366019
You’re a dumbass. Neither of the people in this thread you’re replying to asked you and your reply to the person who did is stupid. Texas’ GDP is what it is because it’s part of the United States.
You’re so simple you think Texas could secede from the United States and the companies and industries that promote that GDP would stay there? If clueless was a person it’s be you.
Can’t wait to see the petrochemical industry pack their things and start extracting Texas’ resources from outside Texas!
Hey everyone, this idiot I’m replying to can’t even read. Literally from the link:
deleted by creator
Other nations sell their petrol exploited by private businesses in USD, other nations are rich from that exploitation.
Texas doing the same thing though? Nah mate, impossible!
And no, “texbux” isn’t an issue as anyone who knows even a tiny bit about economy and politics would tell you, no country can prevent another from using their currency as theirs. That’s why eleven nations other than the USA have USD as their money and the number is even higher when counting countries that peg their currency to the USD’s value.
Same for the Euro which is legal tender in some places outside Europe.
Maybe you should go check if someone talked about that somewhere on Quora.
K bye! 😘