The economic motive appears to be increasing market share as against over producers like Iraq. Lower prices mean US shale production becomes even more expensive (aided and abetted by the brilliant own goal of tariffs). Pootin benefits. Doubtless angered, the Don could respond by raising tariffs on reindeer at Christmas and take everyone’s mind off his economic incompetence.
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US tarrifs. 10% U.K., 20% EU.
- Thread starter Mottie
- Start date
You are a card
Saudis and OPEC members have lost market share due to USA increasing production. They want to regain that market share by increasing production to lower prices pushing USA below cost.
OPEC plan further increases to total of 2.2 million barrels by Sept, which will cause plenty of oil wells and job cuts in USA.
Once USA oil industry has been damaged, they will creep it up slowly maintaining market share.
I wonder how many MAGAs fell for Drill Baby Drill
Here is an actual oil expert:
How come we've never seen this 'expert' on the news? He's just a YouTube/TikTokker that you believe.
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Looks like the Don is thinking about hitting Russia with massive sanctions and forcing major buyers of Russian oil to go along with him.
The increase in product from OPEC will be needed to cushion the blow.
The increase in product from OPEC will be needed to cushion the blow.
you dont have to be well known to be an expert
Matt Randolph is vice president and principal partner of Sentinel Energy, he has been in the oil industry for 30 years including quite a few working for Shell
What sanctions?
Major buyers of Russian oil?
That will be China and India about 80% between them.
There’s fek all Twumpy can do
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Another tiktok rando.You are a card
Saudis and OPEC members have lost market share due to USA increasing production. They want to regain that market share by increasing production to lower prices pushing USA below cost.
OPEC plan further increases to total of 2.2 million barrels by Sept, which will cause plenty of oil wells and job cuts in USA.
Once USA oil industry has been damaged, they will creep it up slowly maintaining market share.
I wonder how many MAGAs fell for Drill Baby Drill
Here is an actual oil expert:
Why are you incapable of discussing things like an adult.
If you weren’t such a coward you would research it and find out lowering oil prices is causing a slow down in the USA Oil industry.
It has been widely reported……just not on the Trump propaganda media that you listen to
Liar f won't get much sense out or Carlson, Newsmax or OAN.
The poor old duffer is trapped in a fake news bubble, as dictated by the Trump misinformation train.
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Your 'expert' is just another tiktok rando grifter.
Sentinel Energy!
Who are they?
Exactly!
30% in August for the EU unless they start kissin' ass.
www.bbc.co.uk
The EU and Mexico criticise Donald Trump for proposed 30% tariff
The US president warned both trading partners would face additional tariffs if they retaliated.
www.bbc.co.uk
He's a sad shell of a man!
TACO Trump?30% in August for the EU unless they start kissin' ass.
The EU and Mexico criticise Donald Trump for proposed 30% tariff
The US president warned both trading partners would face additional tariffs if they retaliated.
They are mocking him In Europe, the fat orange rapist is a joke
Burying the Epstein list coz he's all over it too.
Disgusting skidda on the gusset of 'murca.
