OPEC, Russia rebuff Trump's call for immediate boost to oil output

[Wellstone ruled]

9. Guess I was paying attention,damn it.

Little over two years ago,Bloomberg on their European Market Program,which airs here at pm pacific,had a lengthy segment on this topic. First was watch for Oil to go to 80 bucks within in two years. And Russia was the key change agent in the reason why. Russia needed 80 dollar Oil in order to keep it's population from over throwing Putin. Reason being,Russia is broke,the Oligarchs are sending Russia's hard currencies out of the Country to Safe Havens.

If you have been following events,notice first it was South America who collapsed first,Oil that was being sold to East Coast Refineries all but stopped,only to be replaced by Russian Heavy Crude as well as some from the North Sea. Next it was Libya who was taken out of the market because of political disruption. Iran picked up the slack on that one. Now we are seeing the so called sanctions being levied on Iran,which by the way has the world's easiest and most available Oil Deposits to pump and bring to market,and who is preventing this,Russia,and the USA.

It's a friggin game. Russia needs Currency,and Donald Trump is helping Putin stay afloat. BTW,we ain't seen nothing yet,the speculators are comping at the bit for 100 + dollar Oil by years end. There are Future Contracts in excess of that price now.

As far as the GOP,they could give a rat's ass what you and I care about,just take care of the Donor Class.