$5 & $7

[Jim in CT]

Originally Posted by Pete F.

Oil Nations, Prodded by Trump, Reach Deal to Slash Production
2020


Oil-producing nations on Sunday agreed to the largest production cut ever negotiated, in an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial markets.
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that was during covid einstein, when there was zero global
demand for oil and prices were heading to $0. cutting production is smart when there’s zero demand

now we have increasing demand. Yet us production is down.

stupid post.
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[wdmso]

[QUOTE=Jim in CT;1227867]that was during covid einstein, when there was zero global
demand for oil and prices were heading to $0. cutting production is smart when there’s zero demand

now we have increasing demand. Yet us production is down.

stupid post.
Posted from my iPhone/Mobile device[l

You don’t understand do you production is down because of Trumps production deal..

Covid era gas prices is all trump supporters point to . As if he did that lol.

He and his people were not trying to help Americans paying at the pump he was Trying to protect Big Oil who now refuse to produce more..,

They like Trumps deal. I am sure the y understood oil demand would eventually increase with the vaccine came on line. But and deals a. Deal and Trump short sightedness has contributed a lot
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[Jim in CT]

[QUOTE=wdmso;1227872]

Originally Posted by Jim in CT

that was during covid einstein, when there was zero global
demand for oil and prices were heading to $0. cutting production is smart when there’s zero demand

now we have increasing demand. Yet us production is down.

stupid post.
Posted from my iPhone/Mobile device[l

You don’t understand do you production is down because of Trumps production deal..

Covid era gas prices is all trump supporters point to . As if he did that lol.

He and his people were not trying to help Americans paying at the pump he was Trying to protect Big Oil who now refuse to produce more..,

They like Trumps deal. I am sure the y understood oil demand would eventually increase with the vaccine came on line. But and deals a. Deal and Trump short sightedness has contributed a lot
Posted from my iPhone/Mobile device

please provide support that Trumps
deal is the reason why American companies arent producing more oil in america today, as demand has increased as covid wanes.
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[wdmso]

[QUOTE=Jim in CT;1227873]

Originally Posted by wdmso

please provide support that Trumps
deal is the reason why American companies arent producing more oil in america today, as demand has increased as covid wanes.
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Trumps deal will reduce output by 9.7 million barrels a day.

Wow that wasn’t hard
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