Trump tweets that oil prices should go down

**kudzu** · 05-26-2018, 07:40 AM

Originally Posted by PostmodernProphet

we won't need shipping once the Keystone Pipeline is done.....too bad Obama blocked it so long......

Keystone is a tax dodge... It takes advantage of NAFTA and Free Trade Zones. Production will be sold abroad NOT in the US.

**Nordberg** · 05-26-2018, 08:32 AM

Originally Posted by kudzu

Gasoline prices are up 31% over May of last year.

Not if Trump says they are not.

**ThatOwlWoman** · 05-26-2018, 08:34 AM

Originally Posted by tsuke

https://www.bloomberg.com/news/artic...il-price-rally

"We were in the meeting in Jeddah, when we read the tweet," OPEC Secretary General Mohammad Barkindo said on Friday. "I think I was prodded by his excellency Khalid Al-Falih that probably there was a need for us to respond," he said. "We in OPEC always pride ourselves as friends of the United States."

"The tweet moved the Saudis," said Bob McNally, founder of consultant Rapidan Energy Group LLC in Washington and a former White House oil official. "The message was delivered loud and clear to Saudi Arabia."

and they do!

will you heil Trump?

And just like that, all the oil company execs dropped the price of gas to $0.75/gallon.

Man, are you swallowing it whole without chewing.

**ThatOwlWoman** · 05-26-2018, 08:34 AM

Originally Posted by kudzu

Keystone is a tax dodge... It takes advantage of NAFTA and Free Trade Zones. Production will be sold abroad NOT in the US.

Yep. But we get to enjoy all the risks of a pipeline rupture.

**kudzu** · 05-26-2018, 08:36 AM

Originally Posted by ThatOwlWoman

Yep. But we get to enjoy all the risks of a pipeline rupture.

LOLOL .. exactly.

**kudzu** · 05-26-2018, 08:39 AM

Originally Posted by Nordberg

Not if Trump says they are not.

Trump is all about self-promotion and big headlines.. He doesn't know anything about the oil business. ..The strategic reserves are a short term fix.

**anatta** · 05-26-2018, 08:59 AM

Originally Posted by kudzu

Libyan oil production was at 1.4 million to 1.6 million.. and has been all over the map since 2011.

I wonder why?

Decapitating Qadafi and throwing Libya into chaotic civil war perhaps?

I credit general Hiftar for what stability there is in the east. They are lucky to be pumping anything near a steady supply

**kudzu** · 05-26-2018, 09:08 AM

Originally Posted by anatta

I wonder why?

Decapitating Qadafi and throwing Libya into chaotic civil war perhaps?

I credit general Hiftar for what stability there is in the east. They are lucky to be pumping anything near a steady supply

There was no way to save Gaddafi short of a huge occupation force. Massive car bomb in Benghazi today.