Bullying fails...again

T

transporter

Well-Known Member
Back in July our inept, incompetent and unfit President tried to bully Saudi Arabia into producing more oil because oil prices were rising in large part due to the inept and incompetent decision to re-apply sanctions on Iran. Naturally, our inept incompetent and unfit President claimed that Saudi Arabia could produce more oil that it has ever done or even has the capacity to do. Trump just made up a figure.

Oil prices have dropped as supply has increased. US producers have ramped up production and the Trump administration gave sanctions to just about every country who asked to continue to buy Iranian oil---China just outright refused to abide by US sanctions.

So where does that leave us today?

Saudis to reduce oil output, as OPEC still debates production cuts
 
Gilligan

Gilligan

#*! boat!
PREMO Member
Say Tranny..when was the last time OPEC took an action that affected squat? They've been obsolete and OBE for a long time.
 
itsbob

itsbob

I bowl overhand
transporter said:
Back in July our inept, incompetent and unfit President tried to bully Saudi Arabia into producing more oil because oil prices were rising in large part due to the inept and incompetent decision to re-apply sanctions on Iran. Naturally, our inept incompetent and unfit President claimed that Saudi Arabia could produce more oil that it has ever done or even has the capacity to do. Trump just made up a figure.

Oil prices have dropped as supply has increased. US producers have ramped up production and the Trump administration gave sanctions to just about every country who asked to continue to buy Iranian oil---China just outright refused to abide by US sanctions.

So where does that leave us today?

Saudis to reduce oil output, as OPEC still debates production cuts
Click to expand...

http://time.com/5187074/fracking-energy-oil-natural-gas/

Thanks to Fracking (what dems vehemently oppose) Saudi and OPEC have ZERO power or influence.. so I'm lost as to your point.
 
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