Oil Production

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About a year ago our inept, incompetent and unfit President stuck his big hairdo into the world oil markets. He expected Saudi Arabia to immediately increase its output. Trump, the uneducated, believed SA would start producing more oil than they ever have...just because he said they should. The ignorati types of course believed him.

What did SA do? Cut production.

What did SA do today? Agreed to keep production low.

Putin Says Russia and Saudi Arabia Agreed to Maintain Oil Cuts for as Long as 9 Months

but...but...but Trump!!

Which leads to this terrific article:

Analysis: Trump’s diplomacy puts relationships over results

SEOUL, South Korea (AP) — For President Donald Trump, a four-day visit to Asia is shaping up to be more about relationships than results.

In Japan for the Group of 20 summit, Trump notched few identifiable accomplishments on a range of pressing challenges as he savored the show of diplomatic backslapping.

He went into his meetings with friends and foes alike against the backdrop of global crises, from Iranian aggression to Russian election meddling. Eager to avoid a repeat of his past tumultuous international summit visits, Trump traded hard-nosed negotiations for compliments and sidestepped thorny issues in public with even the most troublesome of global figures.

After meeting with Russia’s Vladimir Putin, Saudi Arabia’s Mohammed bin Salman, Turkey’s Recep Tayyep Erdogan and China’s Xi Jinping, all of whom have authoritarian tendencies, the president invoked the imperative of strong relationships nine times in a closing news conference at the G-20. “I really have a good relationship with everybody,” he said.

In other words, Trump accomplished nothing...he caved on China (because he had no choice---he negotiated himself right into a corner)...he knelt before Putin (again)...maybe someone will write him a "beautiful letter" so he can feel good about himself again?

But all this is WINNING in the eyes of the 35%.