An Inconvenient Truth

[CowboyTed]

I'm not talking about the US government, I'm talking about the US oil companies that are sitting on large quantities of expensive to extract oil, and when the price gets high enough, they can produce more, which will divert revenue from OPEC+ to American companies. That is not the US government setting any kind of cap through legislation.

US Oil companies don't control the price of Oil and don't have the production to heavilly influence the price of Oil.

But the did get trump (who they gave huge financial donations too) to get OPEC to cut Oil by 10m barrels a day... That was at the time was equivalent to the total of US Production... This effectively started a a run that ended with Oil being worth 5 times its price...

None of the Trump Supporters said anything when oil when up 2.5 times under his watch but suddenly went ballistic when it than continued on... Biden didn't set this in motion and had very little power to turn it around by the time OPEC knew they had now all the bargaining chips (had enough arms to see out the war and probably good ties with China as not to be put in that situation again)...

The massive rise in Oil was caused by an increase in demand, something either Trump was too short sighted to see or didn't care the damage he caused.. The way Trump saw the world, making Biden's Presidency harder was a win for him, fuck America.

 

[hadit]

US Oil companies don't control the price of Oil and don't have the production to heavilly influence the price of Oil.

But the did get trump (who they gave huge financial donations too) to get OPEC to cut Oil by 10m barrels a day... That was at the time was equivalent to the total of US Production... This effectively started a a run that ended with Oil being worth 5 times its price...

None of the Trump Supporters said anything when oil when up 2.5 times under his watch but suddenly went ballistic when it than continued on... Biden didn't set this in motion and had very little power to turn it around by the time OPEC knew they had now all the bargaining chips (had enough arms to see out the war and probably good ties with China as not to be put in that situation again)...

The massive rise in Oil was caused by an increase in demand, something either Trump was too short sighted to see or didn't care the damage he caused.. The way Trump saw the world, making Biden's Presidency harder was a win for him, fuck America.

Classic, classic dodge and spin to blame TRUMP! and totally excuse Quid Pro.

 

[CowboyTed]

Okay, so TRUMP! controlled the price of oil. Does that not also mean that Quid Pro is responsible for oil prices on his watch?

Read the articles, Trump is all over them taking credit for massively cutting the supply of Oil...

OPEC and allies' oil production cut is Trump's 'biggest and most complex' deal ever: Dan Yergin

Yergin said there were two main factors driving the turnaround to the deal that just six weeks ago "would not have seemed possible."

www.cnbc.com

Trump plays key role in brokering historic oil deal

The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day.

www.foxbusiness.com

Sorry... This is him taking all the credit...

 

[hadit]

Read the articles, Trump is all over them taking credit for massively cutting the supply of Oil...

OPEC and allies' oil production cut is Trump's 'biggest and most complex' deal ever: Dan Yergin

Yergin said there were two main factors driving the turnaround to the deal that just six weeks ago "would not have seemed possible."

www.cnbc.com

Trump plays key role in brokering historic oil deal

The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day.

www.foxbusiness.com

Sorry... This is him taking all the credit...

And Quid Pro did nothing to increase it. I recall him begging, but getting nowhere. Apparently, TRUMP! knows what strings to pull and how to pull them while Quid Pro doesn't.

 

[80zephyr]

Read the articles, Trump is all over them taking credit for massively cutting the supply of Oil...

OPEC and allies' oil production cut is Trump's 'biggest and most complex' deal ever: Dan Yergin

Yergin said there were two main factors driving the turnaround to the deal that just six weeks ago "would not have seemed possible."

www.cnbc.com

Trump plays key role in brokering historic oil deal

The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day.

www.foxbusiness.com

Sorry... This is him taking all the credit...

As he should. My guess is that the price of oil was tanking due to the covid pandemic. He had to keep the oil from getting too low to save oil producers.

Sorta like Biden just saved the banks.

 

[Ray From Cleveland]

US Oil companies don't control the price of Oil and don't have the production to heavilly influence the price of Oil.

But the did get trump (who they gave huge financial donations too) to get OPEC to cut Oil by 10m barrels a day... That was at the time was equivalent to the total of US Production... This effectively started a a run that ended with Oil being worth 5 times its price...

None of the Trump Supporters said anything when oil when up 2.5 times under his watch but suddenly went ballistic when it than continued on... Biden didn't set this in motion and had very little power to turn it around by the time OPEC knew they had now all the bargaining chips (had enough arms to see out the war and probably good ties with China as not to be put in that situation again)...

The massive rise in Oil was caused by an increase in demand, something either Trump was too short sighted to see or didn't care the damage he caused.. The way Trump saw the world, making Biden's Presidency harder was a win for him, fuck America.

Trump knew the market was heading to crash which is why he asked OPEC to cut down. However once Trump was out of office, they knew that any production cut afterwards would not prompt a threat from Dementia to increase our production. He ran as an anti-energy candidate and is still one today.

If Trump were in office he would have gotten OPEC to increase production once the market stabilized.