Twenty-three countries reach a historic deal to cut oil output, airlines find aid terms hard to swallow and millions of Christians celebrate Easter in isolation. WSJ’s Shelby Holliday has the latest on the pandemic.
And if you were remotely conversant about oil field services and all of the business that support the production you would realize that this is central to a healthy economy but no ... TDS reigns supreme
All of you who are crying about energy prices are the same ones who have gone out and bought big SUVs and Trucks. Gas is cheap and can rise a long way up before it’s meaningful - meanwhile the oil and gas sector is dying and thousands of jobs have dried non Covid-save our jobs
Good for energy sector and petrol nations; bad for consumers in a hurting economy. Let’s not convolute this into being anything but a foreign policy loss. Russia and the Gulf states can face budget shortfalls for years for all I care.
Funny, one month ago he was bragging about cheap gas as one of his great accomplishments. I guess he got tired of winning
So someone please explain to me again why low gas prices are a bad thing. I forgot.
So any other number is the real number.
It is interesting how, if companies did this on their own it would be price collusion, but since countries are involved, it is OK.
when corporations do this it's called price-fixing & it's illegal. something something, free-market economy, something...
He’ll say anything to score a short term points. Truth is a relevant to the man. It’s all about his poll numbers.
Why? Why must we pay a percentage of our paychecks 4 gasoline ? Purposeful price fixing
Putin cares about oil and so does Putin’s puppet.
So the price of gas for u and me will go up!...This helping the oil countries and companies while America worries about a virus
Is this what he has diminished American citizens to? Barrels of oil?, economic recovery at any cost?
Nice short NOW !
Barrels don't die, citizens under Covid 19 are the one that die and know have a real problem to survive... Humans lives for me is more value think in this world... Protect your self be wise, and comply with social distancing to be save...
Is the President involved in the establishment of a new oil cartel to lower production and drive US oil and gas prices higher? I thought GOP were free marketeers? And why this now? With Covid-19 it is cart before the horse. We need badly a new President.
No one cares
Question: Why would Saudi Arabia or Russia agree to this when the whole intention is to put the frackers out of business in the first place?
So gasoline prices will go up? Why do they hate Capitalism?
riosmauricio , Trump intenta generar confianza en el mercado, pero el shock a la demandada es tan grande que nadie cree que suba el precio.
We should say thank you to this President otherwise he will be in rage of being ignore of his great effort to save the USA oil industry.
honestly, quite a lot of Chinese like to see DT get re-elected. he's somehow doing a good job in degrading American Competitiveness.
It seems that the markets do not believe Trump or the markets think the reduction is not enough. opec oil oott realDonaldTrump
Actually it was 10M bbls/day that was cut...and it's made almost ZERO difference in terms of price. Time to get rid of oil, etc.
Your first mistake is: «Trump says..» what kind of credibility remains with this liar?
This “coalition” is of course a cartel working to keep prices paid by consumers artificially high.
the people who have to fill up are loving the 'glut' - if there is that much oil why the gouging
WorldStarHipHop!!
I say go for it. The other nations face drastically lower production costs and reduced outputs are the only way to maintain a stable energy dollar and the long term health of a vital national security asset.
Wait, I thought we were about Capitalism, shouldn't it be all supply and demand not price fixing. Why should I not benefit from low oil prices.
Good time to run up energy prices, dude!
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And we believe him now why?
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