[Robert A Cook PE]

Sobering.

So, does THIS explain the otherwise contradictory “acceptance” of lower oil prices by the otherwise-high-energy-price-crazed Obola White House?

Oil prices decreased by more than half - suddenly and without apparent “real cause” ...

Which harms Saudia Arbia and the oil kingdoms = Obola HATES that!
Which harmed Putin = Obola doesn’t like that.
Harmed Texas and the oil-fracking, oil-producing US states and the UK North Sea oil-producers = Obola LOVES that!
Harms the oil companies and their employees = Obola LOVES that!
Reduces ISIS’s illegal oil earming on the black market = Obola hates that.
Reduces gas prices for average US consumer = Economy loves that (and rebounds) = Obola LOVES and needs that!
Reduces oil and gas prices in the US = Obola and his enviro’s HATE that, but are they willing to put up with it to obtain the rest?

So, it now reduces Chinese oil costs as well = Obola LOVES that!

[thackney]

Oil prices decreased by more than half - suddenly and without apparent “real cause” ...

I do not agree. Oil supply grew faster than oil demand for several quarters in a row, hardly no real cause.

Regardless of "acceptance" of the administration, they are not going to change it.