transporter
Well-Known Member
A basic primer:
Reality: Growing economies worldwide demand more energy.
Action: Our incompetent President spends a year threatening to terminate the Iran deal, then does so and re-installs sanctions to stop Iran from selling oil on the open market.
Obvious Reaction: Reducing supply in a tight market drives up prices.
Reaction of the Incompetent: Blame OPEC for the results of your actions...hope brainwashed supporters will continue to believe everything you say.
https://twitter.com/realDonaldTrump...|twcamp^tweetembed|twterm^1014611307427966976
https://www.cnbc.com/2018/07/13/tru...ping-emergency-oil-supplies-to-tame-crud.html
Reality: Growing economies worldwide demand more energy.
Action: Our incompetent President spends a year threatening to terminate the Iran deal, then does so and re-installs sanctions to stop Iran from selling oil on the open market.
Obvious Reaction: Reducing supply in a tight market drives up prices.
Reaction of the Incompetent: Blame OPEC for the results of your actions...hope brainwashed supporters will continue to believe everything you say.
The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!
https://twitter.com/realDonaldTrump...|twcamp^tweetembed|twterm^1014611307427966976
OPEC has propped up prices since January 2017 by limiting its supply, but the slow-and-steady rally accelerated earlier this year when Trump restored sanctions on Iran, the world's fifth largest oil producer. Prices have also risen on production declines in major producing nations like Venezuela and Angola and supply disruptions in Libya and Canada.
The State Department sent oil prices soaring two weeks ago when a senior official revealed the administration is pushing oil buyers to cut their imports from Iran to zero by November. The announcement came just days after OPEC, Russia and several other producers agreed to start pumping more.
many analysts are skeptical top OPEC producer Saudi Arabia can offset potential the looming drop in Iran's exports and disruptions elsewhere. Trump's aggressive bid to remove Iranian barrels from the market could boost gasoline prices into the fall, depriving Americans of the fuel price relief they usually get, just as they head to the polls, analysts recently told CNBC.
https://www.cnbc.com/2018/07/13/tru...ping-emergency-oil-supplies-to-tame-crud.html