atans1

Trump wants cheaper oil?

In Energy on 11/12/2018 at 4:15 am

What a f *** moron:

The US exported more petroleum than it imported for the first time in decades last week, marking an astonishing if momentary reversal from its longtime status as the world’s largest oil importer.

FT last week

Announcing OPEC’s  production cuts, the Saudi oil minister alluded to US exports by saying that US shale producers also benefit from an OPEC production cut.

Stable genius? What stable genius?

 

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  1. For most US shale producers, US$50 is the red line in the sand. They will be very happy with US$60. Anyway for past few months they got good natgas prices to tide them through.

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