Absolutely right, plus all these countries wanting to negotiate the tariffs mean lower prices for us! That will surely boost the economy. Many of them were charging us tariffs and we were not reciprocating at the time. Trump is playing 5d chess and winning.
I hardly call 15% a plummet. Bear in mind, when barrel prices gets too low, it discourages exploration and especially fracking. I’m not sure how sustainably low the price can go, but I doubt it is much lower.
NOTE: It is "WHAT THE MARKET WILL BEAR" that will be setting the prices...this happened back in the late '70's early '80's!!!!!!! We couldn't drill due to the "ENVIRO WEANIES" and it came back somewhat, HOWEVER...with someone who has "MUCHO GRANDE' BOLLOS" I dare any country to to fly one over PDJT!!!!!
Below $45 and they shut the wells down completely, at $50 fracking becomes expensive. Would love for it to stay between $55 and $65 until the midterms.
Absolutely right, plus all these countries wanting to negotiate the tariffs mean lower prices for us! That will surely boost the economy. Many of them were charging us tariffs and we were not reciprocating at the time. Trump is playing 5d chess and winning.
My only concern with 0 for 0 tariffs is that kills the possibility of tariffs replacing the income tax
He may not accept that as they have been charging us for years. Perhaps the bottom line is 10%. But who knows…
I hardly call 15% a plummet. Bear in mind, when barrel prices gets too low, it discourages exploration and especially fracking. I’m not sure how sustainably low the price can go, but I doubt it is much lower.
They are opening up new areas,if they are very good producers,they can make good money at the lower price...
NOTE: It is "WHAT THE MARKET WILL BEAR" that will be setting the prices...this happened back in the late '70's early '80's!!!!!!! We couldn't drill due to the "ENVIRO WEANIES" and it came back somewhat, HOWEVER...with someone who has "MUCHO GRANDE' BOLLOS" I dare any country to to fly one over PDJT!!!!!
Below $45 and they shut the wells down completely, at $50 fracking becomes expensive. Would love for it to stay between $55 and $65 until the midterms.
It's the price of diesel stupid. The liberal/communists have choked the trucking industry and doubled ( or more ) the price of EVERYTHING you/we buy.
Also, sub-$70/barrel, Iran is not making profit on that barrel. So that's good.
Great. Now can we get ethanol out of it?