8 cylinder here I come again!!!!! :)
$25.00 oil will devastate Houston and bankrupt Russia.
MAAGA
A great side benefit to 25$ oil would be the ruination of Saudi Arabia!
Trump could get a lot of cooperation from Russia, Saudi and others by just threatening to drive the price of oil to 25$
Not sure if the leverage is worth more than selling the oil...but I bet Trump can discern the correct path.
MAGA
The Petroleum Reserve is an anachronism now. We are totally self sufficient in oil insofar as some cutoff of foreign oil goes. It is all there in the ground where we can go and get it and the cost of extraction continues to decline and will continue to decline. Right now 60 dollar oil floods the market with American oil. In the not terribly distant future it will be $40 and then $30.
Trump is world leader without gas at any price. This ain’t Venezuela for Chrissake.
$25 oil will make a big, big dent in the Saudis monetary reserves.
Good. They’ll have less to spend on promoting jihadism.
You just kind of watch and see what happens.You are a FR conservative and so you know that markets don’t work and the government has to fix everything for things to work. Yall say you want that “less government control” but government interference in the markets is the essence of government control.If the government gets out of the business of business we prosper explosively. If it tries to make fair markets and everybody play nice then we continue to stagnate.
Nonsense. Nobody can make money producing oil that’s selling for $25.
$25 oil would stop ALL U.S. oil production.
” “To keep shale busy and active and growing, you need to have $65 a barrel,””
http://www.ibtimes.com/oil-prices-plunge-layoffs-foreclosures-are-slamming-us-boomtowns-2267874
” Since the end of 2014, operating costs have fallen 31 per cent at its oil-sands business, helped by laying off almost a third of the company’s work force – all with the goal of being able to “make money” at $50 (U.S.) a barrel oil” (Oct. 01, 2016)
Oil prices need to be high enough to allow for profit, exploration and development, and produce many high paying JOBS!
We need refining capacity to process our light crude oil and many more trained workers in the fracking field.
We can be energy independent and RICH, but not on $25 oil.
Well, it's the neocons who always kept energy prices artificially high by insisting we "save ours and use up theirs first" for geopolitical reasons, so now that they have been effectively denied a seat at the table, Trump is free to push a strategy like this.