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  1. These-Fee-1698 on

    LOL. Please reduce prices so more companies will drill for oil in the US, with lower prices and profits or actual losses!!! Stupidity.
    But if he had the oilfield service contracts he could make money while they lost money, like with his casinos.

  2. steve-eldridge on

    Oil remains a global commodity, and pushing down worldwide prices will make it harder for domestic US producers to beat their recovery costs.

    How does this play out?

  3. Playingwithmyrod on

    I’m sure the oil industry is just dying to lay down and accept lower margins to appease Trump

  4. StupendousMalice on

    Why would they do that when they could get increasingly petrochemical dependent countries like the US to just pay more?

    Oil producing countries (along with EVERY OTHER COUNTRY) are actively investing in alternative energy because its cheaper and better. That puts the US at a strategic disadvantage and that is the whole reason we are doing this.

    Also, I thought Trump wanted us to “drill baby drill”. A lower oil price means there will be no drilling of any kind because all the American oil companies would go out of business.

  5. I hope they do the opposite. We need higher gas prices to punish the MAGAs for trading our freedom , integrity and honor for what they think will be cheaper eggs.

  6. No-Economy-7795 on

    Oh wait, isn’t that said, done in 2017 that tanked the oil industries in US, that lead to huge layoffs and capped oil wells? So this time is how different will the outcome be? Ya right, said with sarcasm…

  7. OliverSudden413 on

    Donald Trump calls on Santa Claus to abandon the North Pole so that the United States can drill for oil there.

  8. Just_Keep_Asking_Why on

    The US is the largest oil producer in the world at 22% of the world’s supply.

    I think he’s talking to the wrong people at this point. Yeah, the light crude from the middle east is better for our refineries. My understanding is the oil exports flow both directions, so there’s local leverage to be had IF the oil companies play along. But why should they? Record profits.

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