berg80
Diamond Member
- Oct 28, 2017
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...........regarding oil prices when Trump was prez. Edit by W6 after report.
www.opisnet.com
(I found this part particularly interesting.)
Under pressure from Trump, Saudi Arabia ramped up production to an all-time high. That's critical because Saudi Arabia is like the central bank of oil. It's the world's largest exporter and the only country with the ability to significantly ramp up output. Russia and the United States also accelerated production.
But the Trump administration shocked the oil market earlier this month by taking a softer approach on Iran. Temporary waivers were granted, allowing India, China and other countries to keep buying crude from Iran.
The Iran headfake left the oil market suddenly facing a potential supply glut. OPEC is now under pressure to significantly cut output at next month's meeting in Vienna to help put a floor beneath the market.
www.cbsnews.com
As is always the case, the price of oil is determined by global supply/demand dynamics, not policies set by the US prez.
Turns out that U.S. presidents have very little control over the price per gallon consumers pay at the pump.
www.convenience.org
Sometimes, despite policies set by the prez resulting in record production this year, oil companies have their own agenda.
www.npr.org
Just sayin'.
2018 Oil Price Recap: Looking Back at an Oddball Year
2018 Oil Price Recap: Looking Back at an Oddball Year - OPIS, A Dow Jones Company
Oil, gasoline and diesel fuel prices faced a year of oddities in 2018. Here's a recap of the forces that shaped oil prices, featuring a spotlight on what took place at retail gasoline pumps. Plus read analysis of oil production levels, oil futures trading volumes and a peek at 2019 expectations.
www.opisnet.com
The Great Oil Crash Of 2018: What's Really Happening
(I found this part particularly interesting.)
Under pressure from Trump, Saudi Arabia ramped up production to an all-time high. That's critical because Saudi Arabia is like the central bank of oil. It's the world's largest exporter and the only country with the ability to significantly ramp up output. Russia and the United States also accelerated production.
But the Trump administration shocked the oil market earlier this month by taking a softer approach on Iran. Temporary waivers were granted, allowing India, China and other countries to keep buying crude from Iran.
The Iran headfake left the oil market suddenly facing a potential supply glut. OPEC is now under pressure to significantly cut output at next month's meeting in Vienna to help put a floor beneath the market.
The Great Oil Crash Of 2018: What's Really Happening
In the span of mere weeks, crude prices went from a four-year high to a full-blown bear market.
www.cbsnews.com
As is always the case, the price of oil is determined by global supply/demand dynamics, not policies set by the US prez.
Does the President Control Gas Prices?
Turns out that U.S. presidents have very little control over the price per gallon consumers pay at the pump.
Does the President Control Gas Prices?
Turns out that U.S. presidents have very little control over the price per gallon consumers pay at the pump.
www.convenience.org
Sometimes, despite policies set by the prez resulting in record production this year, oil companies have their own agenda.
Hold That Drill: Why Wall Street Wants Energy Companies To Pump Less Oil, Not More
Hold That Drill: Why Wall Street Wants Energy Companies To Pump Less Oil, Not More
After bankrolling oil companies for years and seeing poor returns, investors are now pressuring companies to keep their oil output lower, instead of higher.
www.npr.org
Just sayin'.
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