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New From Maestro Ry Cooder: "Everybody Ought to Treat a Stranger Right"

158
lawhawk4/20/2018 6:13:59 am PDT

re: #144 Backwoods_Sleuth

He’s absolutely clueless about supply/demand and the economy.

Wharton called. They want his paid-for degree back.

OPEC has signaled they want to keep oil above $70 a barrel. Saudis want to push it to $100.

Trump’s response? Drill baby drill. Let the US sap our resources despite the fact the US is producing more oil than any other point in our history. It’s not making much of a difference because the international oil prices are set in market trading.

OPEC is controlling prices by controlling supply.

The flip side is you can reduce demand and drive prices down. GOP doesn’t think to address that at all.