Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

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chucky
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by chucky » Sat Apr 21, 2018 11:30 am

evilconempire wrote:
Sat Apr 21, 2018 11:24 am
chucky wrote:
Sat Apr 21, 2018 11:18 am
OPEC for the most part determines the price of oil. Until we can independently produce enough non fossil fool energy to meet to meet our needs we are somewhat at their mercy.
We meet approx. 90% of our needs and are a net-exporter of crude oil. The price of domestic oil will always shadow foreign.
One of the big factors in domestic oil is the greater cost of production per barrel domestically. The Saudis can pump oil for less than $10 a barrel . The higher the price the more oil there will be on the market. One wonders why the Cheney- Rumsfeld cabal didn’t just invade Saudi instead of Iraq after 9-11.
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evilconempire
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by evilconempire » Sat Apr 21, 2018 11:35 am

chucky wrote:
Sat Apr 21, 2018 11:30 am
evilconempire wrote:
Sat Apr 21, 2018 11:24 am
chucky wrote:
Sat Apr 21, 2018 11:18 am
OPEC for the most part determines the price of oil. Until we can independently produce enough non fossil fool energy to meet to meet our needs we are somewhat at their mercy.
We meet approx. 90% of our needs and are a net-exporter of crude oil. The price of domestic oil will always shadow foreign.
One of the big factors in domestic oil is the greater cost of production per barrel domestically. The Saudis can pump oil for less than $10 a barrel . The higher the price the more oil there will be on the market. One wonders why the Cheney- Rumsfeld cabal didn’t just invade Saudi instead of Iraq after 9-11.
The cost remains below the trading price. Add in the billions in subsidies to domestic producers and they are doing just fine. They do even better when foreign prices go up and they follow.
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nolaxride
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by nolaxride » Sat Apr 21, 2018 1:47 pm

Scooter wrote:
Sat Apr 21, 2018 10:57 am
Remember, Liberals benefit from being stupid uneducated shaved apes. Let's see how gas prices were under Obunghole, shall we?

Gas prices are notorious for fluctuating wildly. During Obama's tenure, the national average for a gallon of regular gas has been as high as almost $4 in 2011 and as low as $1.85 a gallon the month he took office (Thanks W).


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The production president. Under Obama the US produced MORE oil than ever before. They produced so much oil that Saudia Arabia started a price war to maintain market share. What has Donnie done?
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Scooter
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by Scooter » Mon Apr 23, 2018 7:37 am

He kept sHitlery out of the White House. Keep making excuses for the failed Muzzzie Kenyan, boy. :finger: :finger: :finger:
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by nolaxride » Mon Apr 23, 2018 9:17 am

Scooter wrote:
Mon Apr 23, 2018 7:37 am
He kept ###### out of the White House. Keep making excuses for the failed Muzzzie Kenyan, boy. :finger: :finger: :finger:
ROTFLMAO... sorry. donnie doesn't have that power. He didn't do anything. The voters did. And the majority voted for someone else. It's been a while since a gop president got the majority of the popular vote.
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Scooter
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by Scooter » Mon Apr 23, 2018 10:02 am

nolaxride wrote:
Mon Apr 23, 2018 9:17 am
Scooter wrote:
Mon Apr 23, 2018 7:37 am
He kept ###### out of the White House. Keep making excuses for the failed Muzzzie Kenyan, boy. :finger: :finger: :finger:
ROTFLMAO... sorry. donnie doesn't have that power. He didn't do anything. The voters did. And the majority voted for someone else. It's been a while since a gop president got the majority of the popular vote.
Ummmm, no, the "majority" did not vote for sHitlery. 3 million more votes is not a "majority" loser. Trump won the majority of EC votes. That is a fact. Keep whining about that too, sore loser boy. Again, gas prices higher under Obunghole. Deal with it Libtardlicrap.
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evilconempire
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by evilconempire » Mon Apr 23, 2018 10:11 am

The ~1% drop is not what most would call a "plummet." It's also short term reaction that has more to do with the increasing value of the dollar and increasing US supply. But let's credit a tweet from the popular-vote-losing man-child in the White House instead. Trumpsters are just too funny. :lo2l:
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thelionofthenorth
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by thelionofthenorth » Mon Apr 23, 2018 1:20 pm

That "plummet"ing Brent crude?

It's up today.

https://www.msn.com/en-us/money/markets ... .3.%40BZ0Y
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thelionofthenorth
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by thelionofthenorth » Mon Apr 23, 2018 6:21 pm

Dates sure abandoned this troll quickly.

Facts will do that.
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Re: Trump Tweets High Crude Prices ‘Will Not Be Accepted,’ Oil Plummets

Post by nolaxride » Mon Apr 23, 2018 8:07 pm

Scooter wrote:
Mon Apr 23, 2018 10:02 am
nolaxride wrote:
Mon Apr 23, 2018 9:17 am
Scooter wrote:
Mon Apr 23, 2018 7:37 am
He kept ###### out of the White House. Keep making excuses for the failed Muzzzie Kenyan, boy. :finger: :finger: :finger:
ROTFLMAO... sorry. donnie doesn't have that power. He didn't do anything. The voters did. And the majority voted for someone else. It's been a while since a gop president got the majority of the popular vote.
Ummmm, no, the "majority" did not vote for ######. 3 million more votes is not a "majority" loser. Trump won the majority of EC votes. That is a fact. Keep whining about that too, sore loser boy. Again, gas prices higher under Obunghole. Deal with it Libtardlicrap.
You can try and talk around it all you want... the simple fact is more people voted for Clinton than for Trump.

As for gas prices, we're headed for $4 a gallon gas... And it won't be long before that happens. The good news is that anyone working the oil patch will do very well, and we'll put lots of people to work. Considering that unemployment in the oil path is about 2 percent, I expect donnie will be sending ICE to visit.. because that's the only place to hard-working employees.
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