/biz/ - Business & Finance

the russians and the saudis have played this moron like a fiddle

>>18257418
This guy is a cunt. I think Americans can afford an extra 20-30 cents per gas in order to not completely collapse the economies of other nations that are heavily reliant on oil exports.

>>18257418
raising gas price to save tens of thousands of jobs yes wow so bad...

>>18257418
>>18257451
>>18257457
>opinions
>even more opinions
>a lot negative sentiment
ONE OF THE MOST BASED PRESIDENTS IN US HISTORY
I'm glad we have him on the lead, strong times require based men.

>>18257418
Fucking 11!

>>18257451
well, they did help him get elected

>>18257418
Lockhart is an idiot.
The decimated price of oil will take out a huge portion of mid and small cap american oil industry leading to huge unemployment.

>>18257418
Why do people need gas if they are not working and quarantined at home lmao

>>18257418
>my friend

>>18257451
>>18257457
>>18257484

Magatard no critical thinking faggots

Should I buy 10 thousand shares of UWT?

>>18257516
>>18257484

but still, wouldn't the US -as a whole- be the greatest benefactor of decreasing oil price? it both imports and consumes the most.

>>18257418
Yeah let’s add millions on to that number so we can appeal to brain dead npcs

>>18257418
saying cutting back 10 million barrels without referencing a rate, 10 million per day? week? month? year?

>>18257418

He would have said something equally critical if Donald Trump did the opposite.

>>18257418
Apparently the Russians claim they haven't spoken to anyone and made any deals.
The only thing Dolan could offer to make them cut back is to halve America's 13 million barrel production rate. Which would effectively remove jerbs AND raise the price of gasoline, instead of just losing jerbs as pumping idles naturally.
I don't see the play here. He already tried "asking" the Saud to cut back, and they upped production. What could he offer them now? A trillion BRRRRRRRRRR dollars?

>>18257999
*Billion barrel

>>18257999
RUSSIAGATE TOTALLY CONFIRMED

>>18257418
About a 2/10
Close the border and stop sucking Jew dick you orange retard

>>18257418
>>18257451
>>18257457
you guys are clueless
the rest of the world buys oil with dollars.....

>>18258127
oh yes! this will make the dollar stronger and cause deflation! this was his play all along!

4 D C H E S S
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C
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S

>>18257585
You have to understand that the geopolitical implication of losing grip on the oil industry is far worse than a mere decrease of prices that for sure can't last a long time. You should have already learn this lesson a months ago when US suddenly discover that outsourcing all the medicine production to China because "it was cheaper" turn out to be a bad strategy in the face of a worldwide crisis

>>18257585
>it both imports and consumes the most.
America imports these quantities to refine it and sell a lot of it abroad. If you aren't getting jack for refined oil products its not a benefit.

>>18257585
arabs benefact from cheap oil the most and usa the least, as us oil is the hardest (most expensive) to dig up

Nobody needs to drive right now you retard. And if American shale is killed this fall OPEC will hike that shit right up like it’s 2006 and we see $4 gallon gas again. I hate liberals so goddamn much.

>>18257418
It´s preferable for US to keep the oil cheap to strangle Russia, Iran and developments in non-fossil energy. However the current fluctuations are too damaging to their oil industry.