Trump: I'm not concerned about oil if I impose sanctions on Russia | Crypto Craft
Added at 10:48am
Added at 10:49am
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OutThere
Jul 30, 2025 12:17am
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Quoting The Fool
lol.... https://www.yahoo.com/news/articles/...174319087.html
If he could charge for the wind, he'd be loving them.
Here are a few ultra efficient models that he might want to have a look at.
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The Fool
Jul 29, 2025 11:28am
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Quoting Vancarbon
He has a point though . The US is self sufficient , the rest of the world - not so much. Pieces of the jigsaw
No, it's not that simple. The US does not have a nationalized petrochemical industry. In and of itself, the USA does not "produce" any oil or related products. This is done by a host of domestic and international corporations. Many of the largest oil refineries in the USA are owned by foreign corporations. These companies both import and export crude oil and petroleum distillates. They don't make their business decisions based on what the government thinks.

Just another "Let them eat cake." pronouncement by DJT.
Vancarbon
Jul 29, 2025 11:34am
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{quote}No, it's not that simple. The US does not have a nationalized petrochemical industry. In and of itself, the USA does not "produce" any oil or related products. This is done by a host of domestic and international corporations. Many of the largest oil refineries in the USA are owned by foreign corporations. These companies both import and export crude oil and petroleum distillates. They don't make their business decisions based on what the government thinks. Just another "Let them eat cake." pronouncement by DJT.[/

Yes , I recognised that in my comment to ffg . Nothing is quite as simple as it seems , it doesn’t detract from the fact that US is ” technically “ self sufficient , as is the UK .
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Vancarbon
Jul 29, 2025 1:19pm — Edited
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Quoting Polimini
{quote} you do know prices will still go up in the US right? please tell me you do!
Please tell me you’re not trying to patronise me.

Do you take me for a schmuck ?
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Vancarbon
Jul 30, 2025 1:50am
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Quoting Polimini
{quote} you made your own bed. It's not my fault people are stupid, schmuck is not the right word at all.
Yes , lots of people .

Maybe capitalise the start of a sentence if you’re trying to be smart , quite ironic considering the point you’re attempting to make .

Schmuck is appropriate in both instances on this occasion .
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ffghost
Jul 29, 2025 11:12am
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Quoting Vancarbon
He has a point though . The US is self sufficient , the rest of the world - not so much. Pieces of the jigsaw
It's true (except when you dig down into the actual types of oil we like to refine vs what we drill locally). But, even so, that doesn't mean companies will be opposed to taking a profit. If the world is prepared to pay $90 a barrel, the US will be paying that same price. Exxon isn't going to give the US $60/barrel and Germany $100.

.....hence the 3.5% pop on the news. Could be a good short....but the risk is still to the upside for /cl.
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Polimini
Jul 29, 2025 1:08pm
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Quoting Vancarbon
He has a point though . The US is self sufficient , the rest of the world - not so much. Pieces of the jigsaw
you do know prices will still go up in the US right? please tell me you do!
Reply
Polimini
Jul 30, 2025 12:29am
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Quoting Vancarbon
{quote} Please tell me you’re not trying to patronise me. Do you take me for a schmuck ?
you made your own bed. It's not my fault people are stupid, schmuck is not the right word at all.
Reply
July04
Jul 29, 2025 10:51am
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ah sheet, here we go again
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Trader#0CC6
Jul 29, 2025 11:56am
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Trump can lower the price of oil if he needs to. A call to OPEC will get them to produce more. A carrot and stick approach to US drillers will cause them to produce more. The perception of more oil coming online will reduce the price especially if the preceding price rise was on speculation of a reduction in Russian oil.

If you think a company or county wants to get on his bad side, just ask the EU, Columbia University, CBS, etc.
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The Fool
Jul 29, 2025 11:04pm
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lol....
https://www.yahoo.com/news/articles/...174319087.html
Vancarbon
Jul 29, 2025 11:05am
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He has a point though . The US is self sufficient , the rest of the world - not so much.

Pieces of the jigsaw
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ffghost
Jul 29, 2025 10:50am
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"just ramp up production" as the oil companies say "why would we EVER do that??? Price/barrel goes up? We keep supply limited to push it as far as we can!"
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tradebake
Jul 29, 2025 11:06am
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Wasn't USA self-sufficient in oil already in Biden era. They are in good position in energy.
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Trader#E313
Jul 29, 2025 11:24am
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It’s not about “oil” there’s no such individual thing, lots and lots of different types and grades. The US doesn’t have the right types of refineries and everyone so far has refused to allow a new one to be built. It’s a lot more complicated than most understand. But currently there is no shortage especially with Europe allowing the secret buying of Russian oil.
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Trader#B302
Jul 29, 2025 12:12pm
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I give this statement a maximum of 48 hours. If something else doesn't push oil down, a TACO statement will come.
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Trader#204C
Jul 29, 2025 10:57pm
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I don't think that a drop in oil prices will be possible, this is all speculation.
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