Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Based on what exactly?
If Trump were president why would it be different?
It would be different for several reasons: First off Trump would have never closed off our Keystone pipeline and give his blessing for Russia to build theirs. Trump would have never done dozens of costly things against the oil industry that Dementia has done, including doubling their royalty fees. OPEC would never pull any stunt like cut their oil production to increase prices. Trump would have told them if they don't produce oil, we'll increase our production and let our companies make the profit. Now that Russia is making money off of European oil sales, they had the money to invade Ukraine. That would have never happened under Trump. Putin waited until they had a less threatening adversary to pull this stunt. Trump would have never have stopped new oil permits, exploration or production. If anything, he would have increased it.
What you have to understand about the oil market is that it's a commodity. When commodity investors (also referred to as speculators) read negative news about energy, they invest in what's called long contracts, long meaning they're betting the price will increase. It doesn't matter how much oil there is or isn't. It matters on what kind of contracts they decide to buy or sell. When they buy these long contracts, it increases the price. The more investors buying long contracts, the higher the price goes.
During the last presidential campaign Trump promised us that the US will remain the worlds top exporter of energy. Dementia on the other hand promised the opposite; he will stop the US from being oil dependent. Now, if you invested in oil, what would you put your money on?
![www.thegatewaypundit.com](https://www.thegatewaypundit.com/wp-content/uploads/oil-drilling-texas-.jpg)
Biden Takes Aim at America's Largest Oil Field, Threatens to Stop Production, Sending Gas Prices Soaring | The Gateway Pundit | by Michael Robison
Biden's ongoing climate change initiatives are now threatening America's largest oil field, and could send gas prices well above $5 per gallon
![www.thegatewaypundit.com](https://www.thegatewaypundit.com/wp-content/uploads/cropped-tgp-icon-512x512-2-300x300.png)