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Trump blasts OPEC, says cartel keeping oil prices 'artificially high' and it 'will not be accepted'

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 63,482 Founders Club
in Tug Tavern
https://cnbc.com/2018/04/20/trump-says-opec-is-keeping-oil-prices-artificially-very-high-and-that-will-not-be-accepted.html
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Comments

  • oregonblitzkriegoregonblitzkrieg Member Posts: 15,288
    Flood the market with oil from the strategic reserve as an opening salvo

    Raise an army of shale workers and drastically increase oil production

    Speed up the process of researching and developing alternatives to oil
    to deliver a permanent knockout blow to OPEC & the Middle East
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  • HoustonHuskyHoustonHusky Member Posts: 5,978
    Obk is right...Oil curve is in crazy backwardation. Should have sold oil out of the strategic reserve and then just announce they did because the current prices are way too inflated...heck they could have gone ahead and bought the oil next year to replace whatever was sold for ~$15/BBL discount.
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  • 2001400ex2001400ex Member Posts: 29,457
    Houston again doesn't understand economic concepts.
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