Conversely, we are pumping as much as we are (Wall St. finally agreed) because OPEC+ is continuing to keep a lid on production. S. Arabia simply cannot afford to flood the market again just to put fracking companies out of business. China/India have finally slowed their consumption of bargain basement Russian oil.
trump, like so many narcissists who are ignorant, always has to be the smartest person in the room. (real or imagined)
The price of oil isn't going to go up or down or the amount of oil on the world market isn't going up or down either UNLESS it is to the benefit
trump, once again, was handed a booming economy. In ten days he's already sent inflation in the opposite direction with his ridiculous threats of tariffs. He does not understand the intricacies of a world economy, but then again he doesn't understand anything about running an honest business.
Which is what I'm trying to teach Dogshit, but inbreeding is a bitch. Unless OPEC+ decides to teach U.S fracking companies a lesson again, we won't see any downward movement past app. $65/bbl.
Maybe Trump will do the same thing he did last time he was in IF the Saudis decide to flood the market.
If it was even half-ass decent, that's what would have happened.
Everything trump did was a calculation weighed against the election. Which is why he let 100,000 Americans die of Covid as he tried to hide it for 3 months.
Biden, like trump, was too old to be POTUS. The difference is that Biden fully understands how the world works and can craft policies that are beneficial to the gentle balance.
We were warned about a 2nd trump term in the '20 election. With no impending election to worry about there would be no guardrails. That's exactly what we're seeing. There is nobody in his administration that is competent to serve. They are all focused on breaking the machine in order to keep control of all aspects of the nation forever.
Well, Facthater, the issue is that trump promised to end inflation and bring prices down the moment he stepped into the White House.
