Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price drops.

post said:

Again, I was unsuccessful in setting up poll questions before 5 minute deadline.

Is Trump's complaint coherent? Why is crude oil price moving in the opposite direction of vast, tremendous oil creation?
Why is price of oil since Trump's inauguration not behaving as if a vast, tremendous new supply of crude oil does exist
or is on the horizon where it would tend to put downward or stabilizing price pressure on forward looking crude oil market trade?

How much credit is due to a creator of more expensive crude oil in a market with years of plentiful, lower priced crude oil?

https://www.investing.com/commodities/crude-oil-historical-data

How should a forward looking commodities market react to Trump's oil creation claim. The trading is about profits, but is the market
being as unfair to Trump as he whines of MSM unfairness.....lack of credit directed to Trump for his oil creation miracle?

Ten year price chart of WTI, West Texas Intermediate Crude Oil.:
(How much credit should grateful voters and MSM give a reasonable person who actually has created a vast amount of significantly more expensive crude oil?)

WTI Crude Oil Prices - 10 Year Daily Chart | MacroTrends

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https://www.eia.gov/tools/faqs/faq.php?id=23&t=10

How much gasoline does the United States consume?
In 2017, about 143.85 billion gallons (or about 3.40 billion barrels1) of finished motor gasoline were consumed2 in the United States, a daily average of about 391.40 million gallons (or about 9.32 million barrels per day).3

1 There are 42 U.S. gallons in a barrel.
2 EIA uses product supplied to represent approximate consumption of petroleum products. Product supplied
measures the disappearance of these products from primary sources, such as refineries, natural gas processing plants,
blending plants, pipelines, and bulk terminals.
3 Preliminary data for 2017.

Learn more:
Data for U.S. product supplied for finished motor gasoline
U.S. petroleum supply and disposition data
Energy Explained: Use of Gasoline

Last updated: April 9, 2018

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Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia ...
https://www.reuters.com/article/us-...-europe-hurting-opec-and-russia-idUSKBN1HU1QK
Apr 23, 2018 - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. ... high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian and other oil grades in Europe, traders

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Moderate Right said:

I don't really give a damn if Trump claims he wrote the Declaration Of Independence and the Constitution. The only thing that matters is how he runs the country and it's actually running pretty damn good.

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