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

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

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
TrumpCrudeDec16Apr18.jpg


https://www.realclearpolitics.com/v...ugh_enough_because_thats_their_narrative.html
[h=1]Trump on Russia: "With The Media, No Matter What I Do, It's Never Tough Enough Because That's Their Narrative"[/h]






Posted By Ian Schwartz
On Date April 18, 2018
TrumpOilCreationClaim.jpg

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
TrumpClaimVSCrudePriceChart.jpg
 
Last edited:
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

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
TrumpCrudeDec16Apr18.jpg




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
TrumpClaimVSCrudePriceChart.jpg

Because when you talk about production you measure production not prices.

Trump is again correct:

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Because when you talk about production you measure production not prices.

Trump is again correct:

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M

He is whining about a lack of credit in reaction to his oil miracle. Please explain why MSM or anyone but a Trump fan would
notice or care? There is no benefit resulting from this miracle. How have you personally benefited from this Trump creation of tremendous,
vast amount of oil? Increased environmental risk is not a benefit, nor is a price increase in excess of fifteen percent, year over year!
Is a goal of his governance not to put this country back on increasing fossil fuel dependence?

If Trump's cheerleaders cannot describe what MSM should be reporting about this Trump oil miracle performed in record time, what
is a rational grievance against liberals and MSM? Should they be hunting for non-beneficial Trump "accomplishments" to lavish praise
on Trump for his bigly tremendousness?

This was at the bottom of the page of the link you posted.:
TrumpTremendousOilHeader.jpg


TrumpTremendousOil.jpg

Trump is all hat, no cattle. The price of crude is up more than 15 percent, year over year.
Domestic production is up about half that percentage. The justification for MSM to praise Trump for this is ????
Trump's complaint, delivered standing next to the Japanese PM and considering the actual facts, is pathetic and troubling.
 
Last edited:
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

It is pretty obvious that Trump cannot even string together a coherent sentence. He is like a 12 year old bloviating bull**** and seeking attention.

One thing is for sure: We are seeing the next version of GW Bush so, get ready for war. War of choice that will dwarf GW's wars of choice.

Gotta hand it to those Republicans; they sure know how to destroy the economy & make war. It's coming, again; only worse.

Thanks GOP
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Oil prices are the greatest example of human short term thinking I can think of. When oil prices were high, and thus prices at the pump were high, truck sales were down, large SUV sales were down, fuel efficient vehicle sales were way up. This is why domestic manufactures were hit so hard then because while they are good at trucks and large SUVs, they have historically not built as good of fuel efficient vehicles as their Japanese and now Korean competitors.

So, then in an effort to hurt US domestic oil production, OPEC increased their oil production and drove down prices (Saudi Arabia can produce oil profitably even when its just 9 dollars a barrel compared to 40 to 60 dollars a barrel for domestic fracking producers). Gas prices then went down, and all of a sudden the American consumers forgot that gas prices actually can be expensive, and they quit buying more fuel efficient vehicles jumping back on the truck and larger SUV / larger CUV bandwagon. Of course, once gas prices are 4 dollars a gallon again, those same consumers will be bitching about how much its hurting them financially, as if this wasn't entirely predictable. Moreover, once again the domestic manufacturers will again be caught flat footed - and the predictable cycle continues.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

He is whining about a lack of credit in reaction to his oil miracle. Please explain why MSM or anyone but a Trump fan would
notice or care? There is no benefit resulting from this miracle. How have you personally benefited from this Trump creation of tremendous,
vast amount of oil? Increased environmental risk is not a benefit, nor is a price increase in excess of fifteen percent, year over year!
Is a goal of his governance not to put this country back on increasing fossil fuel dependence?

If Trump's cheerleaders cannot describe what MSM should be reporting about this Trump oil miracle performed in record time, what
is a rational grievance against liberals and MSM? Should they be hunting for non-beneficial Trump "accomplishments" to lavish praise
on Trump for his bigly tremendousness?

This was at the bottom of the page of the link you posted.:
TrumpTremendousOilHeader.jpg


TrumpTremendousOil.jpg

Trump is all hat, no cattle. The price of crude is up more than 15 percent, year over year.
Domestic production is up about half that percentage. The justification for MSM to praise Trump for this is ????
Trump's complaint, delivered standing next to the Japanese PM and considering the actual facts, is pathetic and troubling.

The Republican solution to rising oil prices was to increase the oil supply by exploiting the oil in areas that were off limits for environmental reasons. Remember the "drill baby drill" campaign? Drilling in the arctic didn't work out at all. I don't recall any other new off shore oil fields being developed either. The new supplies come from fracking and from tar sands. Oil from more expensive extraction methods is now profitable because of the higher oil prices. Trump's claim to have created tremendous vast amounts of oil is, of course, stupid and inaccurate, but there is a grain of truth in there. He has dumped thousands of regulations that protect the environment so it is easier to expand oil production. This will have other costs. Earthquakes from fracking and increased medical expenses from air quality degradation come to mind.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

The Republican solution to rising oil prices was to increase the oil supply by exploiting the oil in areas that were off limits for environmental reasons. Remember the "drill baby drill" campaign? Drilling in the arctic didn't work out at all. I don't recall any other new off shore oil fields being developed either. The new supplies come from fracking and from tar sands. Oil from more expensive extraction methods is now profitable because of the higher oil prices. Trump's claim to have created tremendous vast amounts of oil is, of course, stupid and inaccurate, but there is a grain of truth in there. He has dumped thousands of regulations that protect the environment so it is easier to expand oil production. This will have other costs. Earthquakes from fracking and increased medical expenses from air quality degradation come to mind.

Drilling in the Arctic did work out and Prudhoe Bay continues to be one of the most productive areas in the world.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

He is whining about a lack of credit in reaction to his oil miracle. Please explain why MSM or anyone but a Trump fan would
notice or care? There is no benefit resulting from this miracle. How have you personally benefited from this Trump creation of tremendous,
vast amount of oil? Increased environmental risk is not a benefit, nor is a price increase in excess of fifteen percent, year over year!
Is a goal of his governance not to put this country back on increasing fossil fuel dependence?

If Trump's cheerleaders cannot describe what MSM should be reporting about this Trump oil miracle performed in record time, what
is a rational grievance against liberals and MSM? Should they be hunting for non-beneficial Trump "accomplishments" to lavish praise
on Trump for his bigly tremendousness?

This was at the bottom of the page of the link you posted.:
TrumpTremendousOilHeader.jpg


TrumpTremendousOil.jpg

Trump is all hat, no cattle. The price of crude is up more than 15 percent, year over year.
Domestic production is up about half that percentage. The justification for MSM to praise Trump for this is ????
Trump's complaint, delivered standing next to the Japanese PM and considering the actual facts, is pathetic and troubling.

So now you morphed from Trump's claim of more oil, to showing a chart about pricing - which has a lot to do with the strength of the dollar and over all economic activity - not now saying "the hell with it" and just blaming Trump for today's cloudy weather.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Oil prices are the greatest example of human short term thinking I can think of. When oil prices were high, and thus prices at the pump were high, truck sales were down, large SUV sales were down, fuel efficient vehicle sales were way up. This is why domestic manufactures were hit so hard then because while they are good at trucks and large SUVs, they have historically not built as good of fuel efficient vehicles as their Japanese and now Korean competitors.

So, then in an effort to hurt US domestic oil production, OPEC increased their oil production and drove down prices (Saudi Arabia can produce oil profitably even when its just 9 dollars a barrel compared to 40 to 60 dollars a barrel for domestic fracking producers). Gas prices then went down, and all of a sudden the American consumers forgot that gas prices actually can be expensive, and they quit buying more fuel efficient vehicles jumping back on the truck and larger SUV / larger CUV bandwagon. Of course, once gas prices are 4 dollars a gallon again, those same consumers will be bitching about how much its hurting them financially, as if this wasn't entirely predictable. Moreover, once again the domestic manufacturers will again be caught flat footed - and the predictable cycle continues.


There's that Goddamn freedom again. We need rules. We need laws. We need... need... well we need something to stop people from buying big things I don't like.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

There are lots of factors that relate to current oil and gas prices...some relations actually defy all reason or logic. So trying to make Trump look bad simply because prices have gone up is nothing more than abject dishonesty.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

There's that Goddamn freedom again. We need rules. We need laws. We need... need... well we need something to stop people from buying big things I don't like.

When did I say that? I don't give a **** what you buy. Just don't bitch when you are paying 4.50 a gallon and your vehicle drinks gas.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Drilling in the Arctic did work out and Prudhoe Bay continues to be one of the most productive areas in the world.

You want to open ANWR to drilling, then fine, but don't think its going to make much of a difference at the pump. Right now you got about 800,000 barrels a day running through the pipeline up there. The capacity of the pipeline is 2 million barrels a day. So absolute best case scenario, you are bringing an additional 1.2 million barrels a day to market. Worldwide oil consumption is about 96 million barrels a day, so its not that much in the scheme of things. Will it mean more jobs on the North Slope? Sure, but it isn't going to make much of a difference in the price at the pump.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

You want to open ANWR to drilling, then fine, but don't think its going to make much of a difference at the pump. Right now you got about 800,000 barrels a day running through the pipeline up there. The capacity of the pipeline is 2 million barrels a day. So absolute best case scenario, you are bringing an additional 1.2 million barrels a day to market. Worldwide oil consumption is about 96 million barrels a day, so its not that much in the scheme of things. Will it mean more jobs on the North Slope? Sure, but it isn't going to make much of a difference in the price at the pump.

Thank you for bringing me into the conversation you must be having with someone else. I said nothing about ANWR, I was merely refuting a false statement of another poster.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Thank you for bringing me into the conversation you must be having with someone else. I said nothing about ANWR, I was merely refuting a false statement of another poster.

Prudhoe Bay is not that productive. It is producing a fraction of the oil it did 30 years ago.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Drilling in the Arctic did work out and Prudhoe Bay continues to be one of the most productive areas in the world.

Prudhoe Bay Oil Field on Alaska's North Slope is the largest oil field in North America,[16] The field was discovered on March 12, 1968, by Atlantic Richfield Company (ARCO) and is operated by BP; partners are ExxonMobil and ConocoPhillips Alaska.

In September 2012 Shell delayed actual oil drilling in the Chukchi until the following summer due to heavier-than-normal ice and the Arctic Challenger, an oil-spill response vessel, not being ready on time.[17] However, on September 23, Shell began drilling a "top-hole" over its Burger prospect in the Chukchi. And on October 3, Shell began drilling a top-hole over its Sivulliq prospect in the Beaufort Sea, after being notified by the Alaska Eskimo Whaling Commission that drilling could begin.[18]

In September, 2012, Statoil chose to delay its oil exploration plans at its Amundsen prospect in the Chukchi Sea, about 100 miles northwest of Wainwright, Alaska, by at least one year, to 2015 at the earliest.[19]

In 2012 Conoco planned to drill at its Devil's Paw prospect (part of a 2008 lease buy in the Chukchi Sea 120 miles west of Wainwright) in summer of 2013.[20] This project was later shelved in 2013 after concerns over rig type and federal regulations related to runaway well containment.[21][22]

October 11, 2012, Dep. Secretary of the Department of the Interior David Hayes stated that support for the permitting process for Arctic offshore petroleum drilling will continue if President Obama stays in office.[23]

Shell, however, announced in September 2015 that it was abandoning exploration "for the foreseeable future" in Alaska, after tests showed disappointing quantities of oil and gas in the area.[24]

On October 4, 2016 Caelus Energy Alaska announced its discovery at Smith Bay could "provide 200,000 barrels per day of light, highly mobile oil".[25]
https://en.wikipedia.org/wiki/Petroleum_exploration_in_the_Arctic

There has been drilling in Prudhoe Bay since 1969 and you're right, it is very productive. I was referring to attempts to open up additional land that has so far been protected from drilling. Last year the Republicans started pushing once again to open up more of the Arctic National Wildlife Refuge.

https://www.nbcnews.com/politics/congress/gop-lawmakers-open-door-arctic-drilling-n811306
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Oil prices are the greatest example of human short term thinking I can think of. When oil prices were high, and thus prices at the pump were high, truck sales were down, large SUV sales were down, fuel efficient vehicle sales were way up. This is why domestic manufactures were hit so hard then because while they are good at trucks and large SUVs, they have historically not built as good of fuel efficient vehicles as their Japanese and now Korean competitors.

So, then in an effort to hurt US domestic oil production, OPEC increased their oil production and drove down prices (Saudi Arabia can produce oil profitably even when its just 9 dollars a barrel compared to 40 to 60 dollars a barrel for domestic fracking producers). Gas prices then went down, and all of a sudden the American consumers forgot that gas prices actually can be expensive, and they quit buying more fuel efficient vehicles jumping back on the truck and larger SUV / larger CUV bandwagon. Of course, once gas prices are 4 dollars a gallon again, those same consumers will be bitching about how much its hurting them financially, as if this wasn't entirely predictable. Moreover, once again the domestic manufacturers will again be caught flat footed - and the predictable cycle continues.

There's that Goddamn freedom again. We need rules. We need laws. We need... need... well we need something to stop people from buying big things I don't like.

Why are you telling such a retarded lie?

He said nothing about rules or laws.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Prudhoe Bay is not that productive. It is producing a fraction of the oil it did 30 years ago.

That is a debatable point, and this is a debate site. The statement I was refuting was this: "Drilling in the arctic didn't work out at all."

Do you agree with that statement or disagree with it? I disagree with it.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Prudhoe Bay Oil Field on Alaska's North Slope is the largest oil field in North America,[16] The field was discovered on March 12, 1968, by Atlantic Richfield Company (ARCO) and is operated by BP; partners are ExxonMobil and ConocoPhillips Alaska.

In September 2012 Shell delayed actual oil drilling in the Chukchi until the following summer due to heavier-than-normal ice and the Arctic Challenger, an oil-spill response vessel, not being ready on time.[17] However, on September 23, Shell began drilling a "top-hole" over its Burger prospect in the Chukchi. And on October 3, Shell began drilling a top-hole over its Sivulliq prospect in the Beaufort Sea, after being notified by the Alaska Eskimo Whaling Commission that drilling could begin.[18]

In September, 2012, Statoil chose to delay its oil exploration plans at its Amundsen prospect in the Chukchi Sea, about 100 miles northwest of Wainwright, Alaska, by at least one year, to 2015 at the earliest.[19]

In 2012 Conoco planned to drill at its Devil's Paw prospect (part of a 2008 lease buy in the Chukchi Sea 120 miles west of Wainwright) in summer of 2013.[20] This project was later shelved in 2013 after concerns over rig type and federal regulations related to runaway well containment.[21][22]

October 11, 2012, Dep. Secretary of the Department of the Interior David Hayes stated that support for the permitting process for Arctic offshore petroleum drilling will continue if President Obama stays in office.[23]

Shell, however, announced in September 2015 that it was abandoning exploration "for the foreseeable future" in Alaska, after tests showed disappointing quantities of oil and gas in the area.[24]

On October 4, 2016 Caelus Energy Alaska announced its discovery at Smith Bay could "provide 200,000 barrels per day of light, highly mobile oil".[25]
https://en.wikipedia.org/wiki/Petroleum_exploration_in_the_Arctic

There has been drilling in Prudhoe Bay since 1969 and you're right, it is very productive. I was referring to attempts to open up additional land that has so far been protected from drilling. Last year the Republicans started pushing once again to open up more of the Arctic National Wildlife Refuge.

https://www.nbcnews.com/politics/congress/gop-lawmakers-open-door-arctic-drilling-n811306

Opening up additional land is a debatable item, but drilling in the arctic did work out and that was the statement I was refuting.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Donald Trump deserves a lot of credit for a lot of things. He's had the most successful first year of any president in my life time.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Donald Trump deserves a lot of credit for a lot of things. He's had the most successful first year of any president in my life time.

How old are you?
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

Opening up additional land is a debatable item, but drilling in the arctic did work out and that was the statement I was refuting.

I was talking about more recent events.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

I was talking about more recent events.

I saw no such qualification, but whatever. I still disagree even today.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

How old are you?

Based upon your profile picture you must be 11 or 12. But I digress...my 1st vote was for Reagan.
 
Re: Trump took credit today for "creating tremendous vast amounts of oil." If accurate, oil price dr

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
TrumpCrudeDec16Apr18.jpg




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
TrumpClaimVSCrudePriceChart.jpg

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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