Oil prices soar after Trump dumps Iran nuclear deal

[kudzu]

Gas prices went up 96% under Obama.

Obama said the economy was improving yet, at the same time, more and more people were going on food stamps. You do know he holds the record for having the most of any President?

Wages haven't gone up to keep pace with the cost or food and housing.

 

[CFM]

Wages haven't gone up to keep pace with the cost or food and housing.

Can't bring yourself to admit gas prices went up 96% under your incompetent black boy can you?

You'll make any excuse for his failure as a President won't you?

How does that black ass taste, whore?

 

[Althea]

Yes there was a glut because Saudi ARAMCO ramped up production to put pressure on Iran.. Then in 2017 they cut production to relieve stress on US shale producers.

Agree. But....OPEC can only hold out for so long, especially given that they have few other exports. Oil is trading at app.$66/bbl today, on news that OPEC and Russia are expected to take up Venezuela's slack.

Gas always rises around all holidays, given the anticipated increase in travel. The next month will be interesting.

 

[Althea]

Gas prices are affected by speculation. It is traded on the comm. mkt in London and New York. When Trump is threatening Iran and SK wars, the price of gas soars. Same for his tariff talks. Trump does impact the oil prices.

In that respect...yes. He's like a little boy who just discovered his penis. He tweets idiotic comments, and watches the market fluctuate. It's been happening since the election, albeit much less lately.

The world realized that he's just a little boy, playing with his penis.

 

[kudzu]

your pocket call was more informative than your post......however the real failure was when you didn't realize the domestic oil industry was stronger and more productive DESPITE the fact Obama cut new permits for domestic production by nearly half as was previously shown.........

Obama didn't cut permits. Oil companies left over 4,000 permits on the table during the Bush years.. The decision to drill is NOT about producing the cheapest gas to make you happy.. its all about demand, ease of recovery, and return on investment.

In spite of OPEC raising production quotas, the ppb is very likely to go to $100 a barrel. Global demand is robust and Venezuela will probably collapse completely.

I would certainly look for the ppb to be above $90 next hear... and that's a conservative view.

 

[PostmodernProphet]

Obama didn't cut permits. Oil companies left over 4,000 permits on the table during the Bush years.. The decision to drill is NOT about producing the cheapest gas to make you happy.. its all about demand, ease of recovery, and return on investment.

In spite of OPEC raising production quotas, the ppb is very likely to go to $100 a barrel. Global demand is robust and Venezuela will probably collapse completely.

I would certainly look for the ppb to be above $90 next hear... and that's a conservative view.

stop denying facts......

Obama was wrong when he denied Romney’s claim that the Obama administration cut in half the number of new permits and new leases for offshore oil and gas drilling. The decrease is actually more than half.

https://www.factcheck.org/2012/10/obamas-drilling-denials/

 

[ptif219]

Wages haven't gone up to keep pace with the cost or food and housing.

That was under Obama after he screwed us with Obamacare. Did you complain about Obama or are just another democrat that uses double standards and partisan hypocrisy

 

[Nordberg]

That was under Obama after he screwed us with Obamacare. Did you complain about Obama or are just another democrat that uses double standards and partisan hypocrisy

Wages have been essentially stagnant for 50 years., I guess Obama was president longer than I thought. Profits have been at all time highs. Those profits went to the top . They buy back stocks and they give lots of that stock to execs.
Recent article ,the execs said they had no intention of elevating wages for workers.They threw a few bucks at the lowly workers to make it look like workers were getting raises but they weren't.

Obama care covered millions of Americans and saved a lots of families from excruciating heartache. If Hillary won, there would have been changes improving it.

 

[ptif219]

Wages have been essentially stagnant for 50 years., I guess Obama was president longer than I thought. Profits have been at all time highs. Those profits went to the top . They buy back stocks and they give lots of that stock to execs.
Recent article ,the execs said they had no intention of elevating wages for workers.They threw a few bucks at the lowly workers to make it look like workers were getting raises but they weren't.

Obama care covered millions of Americans and saved a lots of families from excruciating heartache. If Hillary won, there would have been changes improving it.

Wages went down during Obama's first term. Obama thought this country was to rich and to powerful so he did hundreds of thousands of regulations that hurt business

https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html

https://www.investors.com/politics/...conomys-weakest-link-now-surging-under-trump/

 

[katzgar]

Wages went down during Obama's first term. Obama thought this country was to rich and to powerful so he did hundreds of thousands of regulations that hurt business

https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html

https://www.investors.com/politics/...conomys-weakest-link-now-surging-under-trump/

You're playing a cheap garden-variety shell game. trump driving oil prices up is a bad thing for the economy. Did you know that?

 

[Althea]

Obama didn't cut permits. Oil companies left over 4,000 permits on the table during the Bush years.. The decision to drill is NOT about producing the cheapest gas to make you happy.. its all about demand, ease of recovery, and return on investment.

In spite of OPEC raising production quotas, the ppb is very likely to go to $100 a barrel. Global demand is robust and Venezuela will probably collapse completely.

I would certainly look for the ppb to be above $90 next hear... and that's a conservative view.

Yep. They didn't 'not drill'. They just drilled on private land because they didn't want to deal with the Fed regulations if they used the permits they had on govt. land.

Obama simply did away with any permits that were sitting dormant.

 

[Althea]

Wages have been essentially stagnant for 50 years., I guess Obama was president longer than I thought. Profits have been at all time highs. Those profits went to the top . They buy back stocks and they give lots of that stock to execs.
Recent article ,the execs said they had no intention of elevating wages for workers.They threw a few bucks at the lowly workers to make it look like workers were getting raises but they weren't.

Obama care covered millions of Americans and saved a lots of families from excruciating heartache. If Hillary won, there would have been changes improving it.

As predicted, dividends are up....bigly.

 

[kudzu]

That was under Obama after he screwed us with Obamacare. Did you complain about Obama or are just another democrat that uses double standards and partisan hypocrisy

I'm very conservative... and I was an executive with the 800 pound gorilla for many years. Obama was trying to slow the rate of escalating healthcare costs and make sure more Americans had coverage. The problem is the prevailing stupidity of those who are incapable of understanding complex issues and like Trump said, "Who knew healthcare was so complicated?"

Its a losing battle.. Never underestimate the stupidity of the American public.. Now go watch Hannity.

 

[kudzu]

Yep. They didn't 'not drill'. They just drilled on private land because they didn't want to deal with the Fed regulations if they used the permits they had on govt. land.

Obama simply did away with any permits that were sitting dormant.

That's right.. Drilling on Federal land requires far more paperwork.. environmental stuff I think.

 

[kudzu]

You're playing a cheap garden-variety shell game. trump driving oil prices up is a bad thing for the economy. Did you know that?

Trump is not doing that deliberately.. He just doesn't know and has no interest in learning about the industry. Basically he is a stupid asshole who can't be bothered.

 

[Althea]

Trump is not doing that deliberately.. He just doesn't know and has no interest in learning about the industry. Basically he is a stupid asshole who can't be bothered.

The only good thing about rising gas prices, is that we don't have to hear trump bragging about low gas prices.

 

[signalmankenneth]

India says it only follows U.N. sanctions, not U.S. sanctions on Iran

KUDOS to India! I don't see the United Nations imposing sanctions on Iran?!!

Trump is going to have to go it alone, and we will pay the price with higher gas prices!

https://finance.yahoo.com/news/india-says-only-follows-u-n-sanctions-not-104612869--finance.html

 

[ptif219]

You're playing a cheap garden-variety shell game. trump driving oil prices up is a bad thing for the economy. Did you know that?

Then stop the lies I have shown it is OPEC not Trump. Your hate for Trump shows you have no grip on reality

 

[ptif219]

Yep. They didn't 'not drill'. They just drilled on private land because they didn't want to deal with the Fed regulations if they used the permits they had on govt. land.

Obama simply did away with any permits that were sitting dormant.

You mean they didn't want to jump through Obama's hoops

 

[ptif219]

I'm very conservative... and I was an executive with the 800 pound gorilla for many years. Obama was trying to slow the rate of escalating healthcare costs and make sure more Americans had coverage. The problem is the prevailing stupidity of those who are incapable of understanding complex issues and like Trump said, "Who knew healthcare was so complicated?"

Its a losing battle.. Never underestimate the stupidity of the American public.. Now go watch Hannity.

Obama failed. Obama put in place a healthcare to fail to get to government run healthcare. Obama hated this country and if you honestly look at what he did you would see it.

You have shown me you are no conservative and have no clue what a conservative is