Posted on 04/20/2018 7:32:29 AM PDT by mandaladon
WASHINGTON (Reuters) - U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks.
“Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter.
Several members of OPEC, the Organization of the Petroleum Exporting Countries, said in response that oil prices were not being artificially inflated. The group is slated to meet in June to decide its next steps after reducing output since January 2017 in a move aimed at supporting prices that had fallen sharply.
(Excerpt) Read more at reuters.com ...
LOL! I tried that at the pump last week and it still cost me $3+/gallon. I even insisted with no luck.
Ping.
You are not Presidnet of the USA.
No one care when you speak.
Nations, trade cartels and and very large businesses listen very closely when the US President speaks
In July 2008 just as Obama seized the Democratic nomination, the Price of Oil was $141.38 per barrel.
In February of 2016 right when it was clear Donald Trump would win the GOP Nomination for President of the United States, The Price of Oil was $29.31 a barrel. Those are facts and facts don't lie.
More winning with Trump!
Well thanks for crushing my weekend. How do you know I’m not the man behind the curtain anyway? ;-)
Trump is a superpower all by himself...
Fine, but WHERE?
Low oil prices hurt Russia, but only help American consumers/economy if passed on to them.
Taxes can make those low oil prices prices outrageous for both, and a goldmine for the big government and Prog Socialist Deep Swamp Globalists.
European consumers and economies can be screwed the same way for the benefit of the Banksters and Sunni Muzzies.
“Trump effect?”
...and, he did it with a tweet.
Just incredible.
The facts may not lie, but the interpretations made from them sure can be misleading.
As we’ve seen here in Pennsylvania, oil prices and gas prices are inversely proportional; oil goes down, taxes (prices at the pump) go up. Current state tax per gallon of gasoline, 58.2 cents per gallon.
Same in California.
It’s 100% speculation. Trump should make an executive order that if you buy oil stock you must take delivery. Boom!
When President Donald J Trump talks.... people listen.
Low oil prices do not help the oil and gas industry. We need oil around $70/bbl.
Just sold the last of my USO stock yesterday! lol
Last I checked the US is the top 3 or 4 in oil? No 1 for all carbon energy? Doesn’t the US benefit from higher prices?
Anyway the wholesale price of gasoline when adjusted for inflation is CHEAP! Spare me the lectures on the after tax boutique gas blend prices. Trump could can that stuff along with ethanol if he is serious about lower prices.
MNothing needs to be done. Soon enough oil production will ramp up especially in the US to capture the higher price and then the price decline will start. Then we will here the cries to protect US producers from cheap foreign oil.
We see the emoticons peeking out under the curtain
From time to time, yes. But only when I’m using the daughter supplied apple I-pad. ;-)
King Canute orders a roll-back in world petroleum prices and bingo!
Love it!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.