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In reply to the discussion: Trump says 'starting' land strikes over drugs in latest warning [View all]BumRushDaShow
(164,780 posts)2. It makes ZERO sense
because the U.S. is ALREADY the biggest oil producer in the world and if they dump more oil onto the market, it might be "good for the consumer" (assuming someone builds more refineries for gasoline which is the kicker), but it will kill the very industry (especially the frackers) that he is humping (at least symbolically, because he latched onto that idiotic Caribou Barbie "Drill Baby Drill" nonsense from almost 20 years ago and in the past 5 or so years, despite having more leases opened up for them, the industry has been lukewarm to them)

Below a certain price/bbl, it hits the driller's "breakevens" for drilling new wells -

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Trump says 'starting' land strikes over drugs in latest warning [View all]
BumRushDaShow
Saturday
OP
over 60% of U.S. crude oil imports come from Canada--up from less than 5% in the early 1980s. In volume terms,
twodogsbarking
Saturday
#9
Meanwhile the EIA just estimated continued record (domestic) production in their latest report
BumRushDaShow
Saturday
#17
They started in April and have been doing some kind of increase most months since
BumRushDaShow
Saturday
#32
If this country stands by and allows that orange gibbon to start something with another country...
OldBaldy1701E
Saturday
#4
I have SERIOUS doubts he is fighting against drugs. Seems he is fighting competition for bringing them into our nation.
Attilatheblond
Saturday
#6
Trump's court losses and plummeting popularity all but guarantee a shooting war as a distraction.
Martin68
Saturday
#19
methinks he made that number up, or one of his toadies did and fed it to him
LymphocyteLover
Sunday
#42