Meanwhile all oil execs cringe as prices fall and wonder why the hell they voted for this imbecile
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What's the over under on how long ago he learned what OPEC is? 3 days?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Trump just noticed that OPEC has been trying to raise oil prices? That does of course benefit companies in states that support Trump, like Texas.
-
And his buddy Tillerson...
End of conversation
New conversation -
-
-
???? been anywhere in europe or asia? if anything US/CAN oil prices are artificially LOW
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
How would he know, u think that he fills up, At the local gas station, PLEASE?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The man is a barely-functioning moron - the dollar's primacy is entirely rooted in its use in exchange for oil, which he wants to deflate? I'd ask if he understood what that would do to the dollar, but having to ask the question is enough of an answer.
- 2 more replies
New conversation -
-
-
...Because they are.... OPEC trying to create a false supply squeeze is like corking an over-filled dam before the storm (American mrkt supply) arrives between 2020-2023. Drill, and kill Russia/Saudi stronghold before they breed.
-
That only works if the crude price is high enough to sustain drilling operations, which for most American oil companies falls between the $40-$50 per barrel price. OPEC creating artificially higher prices BENEFITS THE USA.
-
Also, you are dead wrong about barrel production cost with both shale and non-shale. Maybe back in 2014/15. Sorry.pic.twitter.com/3Oa6elyj9V
-
You're sorry you don't understand these companies need profits above and beyond the price of acquisition in order to continue exploration and development? Perhaps if you'd posted the link, I could have quoted the paragraph under the graphic to you.
-
You’re not listening. You are way too micro focused. All good tho mane I’m just talking. Hold on let me go back and find it lol
-
Here's the quote since you missed the point entirely: Additional expenses, like taxes on profits, mean that the actual break-even price for many projects is higher, and newer and more complex projects generally fall well above the average cash cost of production.
-
And the point: read the article you're cherry-picking your data from because it explains why you're wrong.
- 3 more replies
New conversation -
-
-
What is gonna do, drop some pee pee on them?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It is a higher oil price that make the shale oil cracking feasible.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Oh no ... does Trump remember the depressed state of the US market when supply was over abundant and prices were low? Maybe a return to the suffering and layoffs and further lack of investment might remind him.

Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.