Can Trump Really Boost U.S. Oil Production https://oilprice.com/Energy/Energy-General/Can-Trump-Really-Boost-US-Oil-Production.html
While Trump hopes to help reduce inflation by decreasing energy prices for consumers, many oil companies are hesitant to increase output without the guarantee of higher oil and gas prices.
Source: willisfitnurbut
12 Comments
No
The point of increased production is to lower prices. Lower prices are not good for shareholders. Not to mention OPEC isn’t going to play ball. So … no.
Concepts of plans
He did it before, he can do it again
Yes
There is a tiny problem in that US oil production is largely shale which requires a higher oil price in order to be profitable
Even if he can, it won’t be immediately. Gas prices will go up, and that will affect other prices as well.
Probably not. The pres can’t force companies to produce more.
Nope. Magical thinking.
Yes, but he will put a 25% tariff on it
I’m more interested in his tax breaks for horse and buggys, and how he’s going to get Canada to pay for shit removal.
Oh yea the Oil companies really want to pump more to bring the cost per barrel down as world demand for oil slows and peaks.
Short answer? No
Long answer? Heck no
The best thing anyone can do is invest in renewables.
You fools! You absolute fools