- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Trump’s “I only need 6 months” argument is one of the dumbest ever
Posted on 6/2/23 at 8:48 am to GumboPot
Posted on 6/2/23 at 8:48 am to GumboPot
quote:
At one point Trump had WTI trading negatively. We had so much oil in the interior of the U.S. producers were PAYING storage and transportation companies to take the oil.
This was a very bad thing since 600 or so energy companies went bankrupt while he was in office. The cheap oil from Saudi was killing the US energy industry.
quote:
The Biden admin loves high energy prices. It's a favor to their green energy freaks. The only way green energy can compete is with high oil prices. This administration loves high oil prices.
Oil between $65-$85 a barrel is good for the US energy industry. If we want to be net importers of this stuff the price needs to be kept where it’s profitable to produce. Oil at 2017-2019 prices is bad for the USA. I personally thought Trump would have been better at energy than he was. I feel like the saudis either out smarted him or just bought him. Looks like it was a combination of both.
I do agree that once energy becomes too expensive the alternative energy sources do become more desirable and attractive.
1
Posted on 6/2/23 at 8:58 am to Motownsix
quote:
This was a very bad thing since 600 or so energy companies went bankrupt while he was in office. The cheap oil from Saudi was killing the US energy industry.
Yes, Trump was too aggressive with cheap energy policy. It did hurt the oil companies. He even said that last night in the townhall with Hannity. However the upside to aggressive cheap energy policy is cheaper energy and goods downstream of energy policy for the consumer.
quote:
Oil between $65-$85 a barrel is good for the US energy industry. If we want to be net importers of this stuff the price needs to be kept where it’s profitable to produce. Oil at 2017-2019 prices is bad for the USA. I personally thought Trump would have been better at energy than he was. I feel like the saudis either out smarted him or just bought him. Looks like it was a combination of both.
He negotiated with MbS (Saudis) the month he walked into office (January 2017) for more supply (cheaper oil). In exchange for more supply from the Saudis Trump approved weapon sales to Saudi Arabia.
I'm in the O&G business and I admit TRUCK NUTS are hard to buy when energy policy is aggressive to the cheap side. But we only represent a small fraction of the country. The remaining 95% of the country loves cheap energy.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News