Posted on 06/30/2018 9:11:57 AM PDT by Ken H
@realDonaldTrump
Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!
7:37 AM · Jun 30, 2018
Winning....again....not tired yet
Link to tweet => https://twitter.com/realDonaldTrump/status/1013023608040513537
PDJT twitter page => https://twitter.com/realDonaldTrump
Trump does more winning in one hour than any of the four losers who proceeded him could do in a year !
Thank you so much for your efforts, Mr President.!
I’ve got to say, you were wrong about one thing though, I still am not tired of all this winning yet !
You’ll know there’s too much winning when people start posting the “Aw geez” guy!
Well, hurry up and increase production, Mr. Sheik.
Gas prices are starting to rise like hot buttered biscuits over here in California.
There’s an odd situation in oil and supply and demand. The higher the price goes, the more the potential profits spur investment in new methods and fields. That drives prices lower in the long term. Saudi Arabia increasing output and driving down prices stop or slows innovation and new development, long term, keeping prices higher, especially when Saudi Arabia again cuts production. The oil embargo of 1973 greatly spurred technological change in oil use and extraction methods. Ultimately, that cut in supply helped us towards ultimate energy independence we could achieve in as little as three years from now. So, I’m ambivalent about lower prices now, but guaranteed higher prices later when we could have high prices now, but lower prices permanently later. (Crawling into my fox hole.)
Nothing wrong in what you say, but the balance of oil supply and demand has many factors, and OPEC is one, and the quickest way to more supply right now. It will all work out.
Three billion people in China and India will make sure demand continues to increase over time. There will be plenty of room for all producers to work soon.
First Trump conspires with the Russians to steal the election, now he’s conspiring with the Saudis?
Did B Hussein ever do anything like this for the American people ? Or even I-feel-your-pain Bill Clinton ? Here’s a president who is actually in touch with the people.
The US will not be adding large number of drivers, but there could be an increase in usage by some drivers, depending on if the price falls.
China already leads the world in electric cars and buses and China has policies in place to rapidly grow the number of electric cars
Obama pushed the US into the 21st century and renewables
Trumps wants to go back to coal and the 1950s. I keep waiting for Trump to suggest that we go back to burning leaded gasoline.
The future is sealed, renewables will continue to get cheaper and fossil fuels will wane.
Propaganda and BS. So called renewables are uncompetitive without massive subsidies.
Drilling and Frakking has massively increased US energy output. Within a few years we will be entirely self sufficient....and horizontal drilling and frakking did not need massive government subsidies to be developed.
The best way to cut gasoline prices is to set a national standard on blends so that refineries only have to put out 3 or 4 different types instead of having to make special blends for multiple states. (California) More refineries need to be made in strategic locations also. Fast tracking the permit process should be tied to a Defense authorization bill for strategic reasons.
You make a good point that if the price for crude drops to a certain point, exploration and innovation stops. There’s a sweet spot and hopefully GEOTUS has arranged that with his SA friend.
>>The coming increase in oil/gasoline consumption in the coming years and decades will primarily be China and secondarily India<<
.
And NOKO.
Those are projections based in no small part on the continuing flow of subsidies....and not accounting for the disposal costs of Solar which are quite high since the panels are toxic waste.
Neither of the assumptions built into those projections about the future of “renewables” are sound.
Agreed. It amuses me to see people insist they know where the market is headed in the future but fight efforts to make the playing field more fair so as to let the markets decide (which is what the Trump administration is doing). If renewables are the wave of the future, then they should have no problem competing against coal on economic grounds (i.e. minus the overregulation of fossil fuel production [e.g. coal] and the subsidies for renewables.)
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