RT friend Loc: Kangaroo valley NSW Australia

After all Saudi Arabia users oil too, but do they import from USA, NO of course not. So for strategic reasons the US imports oil from Canada and Mexico that's understandable but they don't have a despotic King reminiscent of ruthless Mongol Khans only without an army, since Saudi Arabian Kings could never trust an army not to dispose of the refuse the Saudi King's are.

There were good things about the Mongols they did create forests where fields were tilled, 700 million tons of carbon were scrubbed from the atmosphere, and the overall population was reduced greatly 11% of people were wiped out.

Now what was good then is not necessarily good now, but the World is definitely over populated and CO2 is way too much, small starts have great endings let's start by eliminating oil imports from Saudi Arabia maybe then the King will choke and quit producing CO2.

moldyoldy

Trump wants to get the prices back up fast to benefit BP and Exxon.

JW

How many Americans do you suppose the instability in oil prices is hurting?

https://www.statista.com/statistics/539142/united-states-oil-gas-and-petrochemical-employment-by-occupation/

moldyoldy

You expect changes in the use of gas because of trump. We do not need more gas and I am sure that we are not importing what we are not using. So, did trump really do anything?

Kevyn

Low energy costs benefit the vast majority of Americans. And they are terrible for the Russian economy. If oil stays cheap Russia’s economy will crash even further, they won’t have money to arm themselves to threaten the free world and Putin's head will be on a pike within a year. All and all well worth having some oil field workers on the dole for a while. While there they can be retrained for g***n e****y jobs.

lpnmajor Loc: Arkansas

Why are we importing oil in the first place..........................while we're steadily exporting oil.

moldyoldy

We seem to be almost at capacity for storage of oil and gas. Redundant Trumpism.

Sew_What

Well, let's see he's basically banned international travel, here...

...and no one is stupid enough to get a plane, train or bus domestically, unless you've had the v***s and you of course possess immunity...

...which leaves everyone else, waiting to go back to jobs that require face to face contact that no one will go back to unless they have a death wish.

I'm afraid it will be a long time before oil prices will go up. Regardless of what Trump wants.

woodguru

Brilliant, just brilliant...futures into negative numbers because there is nowhere here to store it. I don't think Trump really has to tell anyone not to buy oil when we are producing more than we can use, but as a symbolic "move" hey why not?

RT friend Loc: Kangaroo valley NSW Australia

There is a paradox here, so a lot of people are out of a job in the US if things don't get back to be the way we were, 1•7 million workers are Fracking rising to over 2•1 million in directly related offshoot down stream industries, the oil and gas industry in general supports 5•6 of the US workforce (2012) that's 9•8 million jobs, expected then to rise to so it's much higher now, your stats are more accurate but cost over $400 but I think we get the picture, employment is about to plummet as the crisis takes hold economically.

New South Wales where I live is more stable because of China is our biggest customer for coal by far, with its Belt and Road not badly affected so far.

But like I said in my opening remark, there is a paradox here.

It's not good enough just to go back to the old methods of energy and social organisation, electric cars cost too much but have to replace petrol combustion engines, subsides are not the answer they just cause more problems later, which is probably where this crisis came from, not discounting C****av***s.

The answer is to have a simple electric no frills vehicle that is more or less compulsory, buy one and use it or walk, it's the only way expensive "cars", not motorbikes because they don't use much gas, can just take a hike.

Social organisation is a bit more complicated and might require a few posts not just one

RT friend Loc: Kangaroo valley NSW Australia

In the immediate future some of these US Companies like Exxon are going to reinvest in the US, but BP is both registered or parts of it registered in the US and parts in Britain headquarters still in London, BP owns 20% stake in Rosneft (Russian) they call it vertical integration, so Trump supporting BP is actually supporting BP's British interests and Russian interests.

Just so you know.

RT friend Loc: Kangaroo valley NSW Australia

I think it's because any export will benefit the Balance of Trade, the US has been in deficit on the Balance of Trade Ledger for 41 straight years, Trump rightly so is obsessed with this predicament, some people say it doesn't matter, I think Japan is much worse because the US trade deficit is sort of made up for by a Export Service Sector surplus, which must decline, inter bank lending for example SWIFT is not even digital still analogue.

This is why Obama piv**ed to the Pacific, on this question there is bipartisan agreement, something has to be done, preferably something that doesn't make it worse.

But can anything really be done ?.

Probably not, certainly not easy anyway, cuts in living standards are inevitable, the wealthy folk will fight like hell but with Trump who has proven to be unbelievably pragmatic leads me to think, there will be all out war, on the home front, not the international front, the problem is getting Trump to reign in wealthy folk's securities and expectations, not just poor American's securities and expectations, that Trump has no problem with.

And naturally Australia will follow suit.

That's a secular point of view I'm not in any way secular.

Kevyn

Just suckle up at the Orange Anus, Putin owns him. Or think for yourself.

RT friend Loc: Kangaroo valley NSW Australia

Trump's naming Saudi Arabia, singling them out, maybe they didn't purchase enough armaments last month, or buy a required amount of Treasuries, maybe they just need to be taught a good lesson, but how did they do:9 \11, that's no secret God knows everything and He sent that information down to me, and I can say for sure, Trump's not putting Americans in any danger, KSA can never repeat anything so terribly outrageous again, the reason is Saudi futures is being sucked underground.

Trump knows this and wants to keep his head out of the sand, good work President Trump next step should be to get out of the sand pit entirely being half extracted is ok but if a 🐫 comes along be warned they're not particular where they do their business.

moldyoldy

This is a meaningless trump distraction, nobody is importing oil