In case any of the resident trump supporters want to understand what was happening under the hood..........

berg80

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Oct 28, 2017
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...........regarding oil prices when Trump was prez. Edit by W6 after report.


2018 Oil Price Recap: Looking Back at an Oddball Year


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.


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.

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


Just sayin'.
 
Last edited by a moderator:
...........regarding oil prices when orange jesus was prez.


2018 Oil Price Recap: Looking Back at an Oddball Year


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.


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.

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


Just sayin'.
They are not even slightly interested in the realities.
 
Titles and Opening Posts:
  • Titles and opening posts must be free of INFLAMMATORY words, name calling, and "pet names"
"orange Jesus".....Come on man.

Just sayin'.
This is just a "preemptive" Presidents don't control the price of oil because Israel is about to hit Iran's infrastructure and the price of oil is going to shoot up under Biden's watch.

If it has been a GOP President, this would be an entirely different post.
 
...........regarding oil prices when Trump was prez. Edit by W6 after report.


2018 Oil Price Recap: Looking Back at an Oddball Year


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.


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.

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


Just sayin'.
Translation: You're terrified that Harris can't win on the issues.
 

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