Trump & Oil....He did good!!
I'm sure you did NOT hear this... because the Media is too busy in their NEVER-ENDING efforts to make Americans hate Trump.
How easily opinions are being steered by our news media!
This explains how in his Friday Rose Garden address, President Trump quite deftly made an end-run around a part of the
current crisis that the Saudis created last Monday: Saudi Arabia Floods Market with Ultra Low Price Oil to Crash Market, and
So Saudi Arabia just 'so happened' to flood the market with ultra-low cost oil at the same time that our stock markets were
crashing due to Corona Virus (as if that wasn't planned) in an attempt to crash the US markets, as well as to put US oil
companies out of business.
US Oil producers need about $30 per barrel of oil and conveniently Saudi Arabia dumped oil at around +- $20 per barrel to
hurt both Russia and America.
Well... Just so happens that Obama had lowered our strategic oil reserves for his slush fund and then spent the dough buying
votes. So there's plenty of room in our storage facilities for lots more oil.
So... instead of what would have been an economic disaster, taking the USA from being a top Oil producer down to being the
#1 in the number of oil companies going out of business...
President Trump saw the move as a great deal on oil, at ultra-low prices...
So he declared a national emergency, freeing up US Federal Funds, which allowed him to suck up all the oil that Saudi Arabia
dumped on the market, at a super low price for the USA Strategic Reserves!
That move basically sucked all the wind out of Saudi Arabia's attempt to crash the oil market and got us millions of gallons of
oil for our oil reserves... in ONE MOVE!
And this, THIS is why having a “Business Minded” President is better than having a “Progressive” Minded President!!!!
No comments:
Post a Comment