Reply to thread

Message: <blockquote data-quote="Jimi77" data-source="post: 8882701" data-attributes="member: 673702">I think the problem he faces is that the oil companies have a big disincentive to produce and unless he socializes the system, oil prices will just float to the world market price.  So even if Exxon increases production, hypothetically, Aramco could cut production and we'd see no net change in prices. That said, I do think Trump enjoys a good relationship with our allies in the middle east and they may be more willing to up production and go back to the petrodollar.  The petrodollar would of course be great for inflation.</blockquote>

Top