Trump Sold the USA Out. (money, states, claim, senator)
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Odds are, production doesn't even get cut. I've noticed prices at the pump haven't budged and if the oil companies really thought there was going to be any real difference here they would have already started up.
Perhaps you are not aware - Donald J. Trump will be sworn in as President of the United States on January 20, 2016. He can't really "make deals", the article doesn't say "he made a deal". Oil prices are going up because of OPEC (as others have said). OPEC is always what raises lowers gas prices -- BUT, if the USA is ever allowed by the Federal Government to actually assume their position as the World Leader is Oil production .... we won't be at the Mercy of OPEC and Europe won't be at the Mercy of Russia.
Things will be better for all of us ...... Not to mention the many, many 1,000's of jobs in the Energy sector for US Citizens.
They've made this agreement several times in the recent past and there's been cheating...and its fallen through.
The rig count with shale producers is jumping nearly every day now... and while growth in US shale production can't totally offset OPEC's proposed cuts, a combination of the rig count driving up and a few cheaters can cause supply to greatly outweigh future demand.
Putin was the main Non OPEC leader involved.Trump will not care ,the deal cuts production and raise's price's which mean we pay more for everything ,gas, food,everything.
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You are clueless so let me explain. US production since about 2008 has driven oil supplies up, this would be despite Obama's policies and the left laughing off the idea we could do this. OPEC has not cut production keeping supplies high hoping to put the screws to US producers. US production has slowed because of the low prices. If OPEC lowers production what that means is they just blinked.
Short term gas and oil will rise but in the meantime US production will increase and with the policies Trump is advocating for that clearly favor US energy production you can expect stability and low energy prices in the long run.
This is what a stable domestic energy supply looks like, the natural gas boom started around 2008 and is a little erratic but that will smooth out over time.
They've made this agreement several times in the recent past and there's been cheating...and its fallen through.
The rig count with shale producers is jumping nearly every day now... and while growth in US shale production can't totally offset OPEC's proposed cuts, a combination of the rig count driving up and a few cheaters can cause supply to greatly outweigh future demand.
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