Did Trump start the oil price war?

[Hotone + 412]

This announcement was back in May 2019, when Trump unleashed the policies for American Energy Dominance

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FACT SHEETS

President Donald J. Trump Is Unleashing American Energy Dominance

 ENERGY & ENVIRONMENT

Issued on: May 14, 2019

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QUOTE

The golden era of American energy is now underway.

President Donald J. Trump

USHERING IN THE NEW ERA OF AMERICAN ENERGY: President Donald J. Trump has put in place policies that tap into America’s incredible energy resources.

• President Trump has rolled back stifling policies put in place by the previous administration that were holding back our country from achieving energy dominance.
  • President Trump withdrew from the terrible Paris Climate Agreement.
  • President Trump ended the war on coal by getting rid of costly Obama-era regulations like the Stream Protection Rule and the Clean Power Plan.
• President Trump has taken action to open up our Nation’s abundant natural resources.
  • President Trump signed legislation to open up the Alaska National Wildlife Refuge for energy exploration.
  • The Department of the Interior held 28 onshore oil and gas lease sales last year, generating a record-shattering $1.1 billion in revenue.
• President Trump has paved the way for more energy infrastructure development, ensuring American energy can be delivered to the market.
  • The Trump Administration approved the Dakota Access Pipeline, the Keystone XL Pipeline, and the New Burgos Pipeline.
  • The President signed two Executive Orders to cut red tape that was holding back the construction of new energy infrastructure, like pipelines.
  • The Trump Administration has streamlined permitting for Liquefied Natural Gas (LNG) terminals.

UNLEASHING ENERGY DOMINANCE: American energy production is soaring to new heights thanks to President Trump’s policies.

• President Trump’s energy agenda has helped drive the booming economy—with mining and oil and gas extraction contributing to growth in 49 States.
• Total energy production across various sources reached a record high in 2018.
• Crude oil production hit a record high last year, leaping past the previous record set in 1970.
  • Crude oil production spiked 17 percent in 2018, reaching 10.96 million barrels per day.
  • The United States has become the largest crude oil producer in the world.
• American natural gas production jumped to a new high in 2018, marking the second straight year of record production.

EXPANDING ENERGY EXPORTS: President Trump has worked to open up new export opportunities for American energy producers.  

• We are exporting more and more energy as production soars and President Trump negotiates better market access for our producers.
• Crude oil exports nearly doubled in 2018, reaching a record average of 2 million barrels a day.
• Coal exports reached their highest level in five years in 2018.
• Under President Trump, the United States has become a net natural gas exporter for the first time since 1957.
• Thanks to President Trump’s negotiations, the European Union (EU) agreed to import more LNG from the United States.
  • American exports of LNG to the EU have increased by 272 percent since this agreement and reached an all-time high in March 2019.

The White Hous

 

https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-unleashing-american-energy-dominance/

 

https://www.cnbc.com/2020/03/18/oil-plummets-to-near-18-year-low-on-pace-for-worst-month-ever.html

Edited March 18, 2020 by Hotone

[Ward Smith + 6,615]

Let me guess. By your logic Trump is at fault. Nothing to do with MBS or Putin or CV or anything, it's all on Trump. 

Question: Have you figured out how to pour piss out of your boots with the directions written on the heels? 

[Justin Hicks + 162]

8 hours ago, Hotone said:

This announcement was back in May 2019, when Trump unleashed the policies for American Energy Dominance

 SHARE

FACT SHEETS

President Donald J. Trump Is Unleashing American Energy Dominance

 ENERGY & ENVIRONMENT

Issued on: May 14, 2019

---

---

QUOTE

The golden era of American energy is now underway.

President Donald J. Trump

USHERING IN THE NEW ERA OF AMERICAN ENERGY: President Donald J. Trump has put in place policies that tap into America’s incredible energy resources.

• President Trump has rolled back stifling policies put in place by the previous administration that were holding back our country from achieving energy dominance.
  • President Trump withdrew from the terrible Paris Climate Agreement.
  • President Trump ended the war on coal by getting rid of costly Obama-era regulations like the Stream Protection Rule and the Clean Power Plan.
• President Trump has taken action to open up our Nation’s abundant natural resources.
  • President Trump signed legislation to open up the Alaska National Wildlife Refuge for energy exploration.
  • The Department of the Interior held 28 onshore oil and gas lease sales last year, generating a record-shattering $1.1 billion in revenue.
• President Trump has paved the way for more energy infrastructure development, ensuring American energy can be delivered to the market.
  • The Trump Administration approved the Dakota Access Pipeline, the Keystone XL Pipeline, and the New Burgos Pipeline.
  • The President signed two Executive Orders to cut red tape that was holding back the construction of new energy infrastructure, like pipelines.
  • The Trump Administration has streamlined permitting for Liquefied Natural Gas (LNG) terminals.

UNLEASHING ENERGY DOMINANCE: American energy production is soaring to new heights thanks to President Trump’s policies.

• President Trump’s energy agenda has helped drive the booming economy—with mining and oil and gas extraction contributing to growth in 49 States.
• Total energy production across various sources reached a record high in 2018.
• Crude oil production hit a record high last year, leaping past the previous record set in 1970.
  • Crude oil production spiked 17 percent in 2018, reaching 10.96 million barrels per day.
  • The United States has become the largest crude oil producer in the world.
• American natural gas production jumped to a new high in 2018, marking the second straight year of record production.

EXPANDING ENERGY EXPORTS: President Trump has worked to open up new export opportunities for American energy producers.  

• We are exporting more and more energy as production soars and President Trump negotiates better market access for our producers.
• Crude oil exports nearly doubled in 2018, reaching a record average of 2 million barrels a day.
• Coal exports reached their highest level in five years in 2018.
• Under President Trump, the United States has become a net natural gas exporter for the first time since 1957.
• Thanks to President Trump’s negotiations, the European Union (EU) agreed to import more LNG from the United States.
  • American exports of LNG to the EU have increased by 272 percent since this agreement and reached an all-time high in March 2019.

The White Hous

 

https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-unleashing-american-energy-dominance/

 

https://www.cnbc.com/2020/03/18/oil-plummets-to-near-18-year-low-on-pace-for-worst-month-ever.html

Nah, Trump didn't unleash anything. The fault lies with US shale.

Time and time again OPEC cut production to attempt to stabilize the market. What did US shale do? Pump without restraint to fill a hole that wasn't there.

As far as this silly assed senator from North Dakota under Harold's desk crying to embargo Russian and OPEC oil, because " they're flooding us".... Hang on boy, you ain't seen a flood yet!

Edited March 19, 2020 by Justin Hicks
Additional info

[Billyokla + 4]

Tariffs

[RichieRich216 + 454]

So tired of this bullshit, What is happening to the world’s economy is due to all the Globalist and the push for Globalization! The few wants the world to be accountable only to them. I say put a target on the backs of these few and let’s go hunting, Globalization has proved to be a disaster now that this pandemic has hit the world.

[James Regan + 1,776]

1 hour ago, Justin Hicks said:

Nah, Trump didn't unleash anything. The fault lies with US shale.

Time and time again OPEC cut production to attempt to stabilize the market. What did US shale do? Pump without restraint to fill a hole that wasn't there.

As far as this silly assed senator from North Dakota under Harold's desk crying to embargo Russian and OPEC oil, because " they're flooding us".... Hang on boy, you ain't seen a flood yet!

Justin bang on , I wish I could give you a Gold Trophy 🏆 oh here you go👍🏻👊🏻👊🏻👊🏻

[James Regan + 1,776]

Shale industry now crying poor mouth, you guys deserve all that’s coming your ways.

Carelessly drilling fracking and now pumping crude oil into a bottomless pit, looking for somewhere to store it pump it back down hole.

Edited March 19, 2020 by James Regan

[Justin Hicks + 162]

11 minutes ago, James Regan said:

Justin bang on , I wish I could give you a Gold Trophy 🏆 oh here you go👍🏻👊🏻👊🏻👊🏻

Just calling it as I see it James. 😊

[Ward Smith + 6,615]

Business as usual, 2004.

The USA was importing 16 million bbls per day and barely producing 4 mbbl / day. We were deep in the throes of Hubbert's Peak and financial types were straining to figure out what the new opium needed to be to entice our enemies to continue providing oil to us for pieces of paper we simply printed. 

16 years later, we've blown a massive hole in that 16 mbbl per day import stream mainly because of light, tight oil. And those from foreign countries who used to export to the US are complaining that we aren't still importing! Whether or not the US exported oil, the gap in demand is there. 

Question: Where is it written that the USA should beggar its own people to enhance profits for foreign countries, many of whom despise the US?

[surrept33 + 609]

I thought it was funny that trump was taking credit (once again) for policies undertaken mostly under the Obama administration.

Almost everything that the Trump administration has done for the energy industry (getting rid of the clean power plan, approving interstate pipelines, approving leases on public lands), has had marginal effects at best.

Edited March 19, 2020 by surrept33

[surrept33 + 609]

2 hours ago, RichieRich216 said:

So tired of this bullshit, What is happening to the world’s economy is due to all the Globalist and the push for Globalization! The few wants the world to be accountable only to them. I say put a target on the backs of these few and let’s go hunting, Globalization has proved to be a disaster now that this pandemic has hit the world.

For what it's worth, the rise and prominence of neoliberal globalism (especially in the last 50 years) has been great for the world economy. Most of the largest effects have just been in asia.

 

[0R0 + 6,251]

Yes, I keep saying to people that trickle down lifts those at the bottom - it has worked phenomenally well. Just that Americans and Europeans were not at the bottom, they were in the middle and it just went through them to the bottom which was in Asia. 

But it is far from being neoliberalism, it was just a form of partially managed free trade where a lot of the participants, worst of them China, cheated heavily and stole. 

 

[cbrasher1 + 272]

7 hours ago, James Regan said:

Shale industry now crying poor mouth, you guys deserve all that’s coming your ways.

Carelessly drilling fracking and now pumping crude oil into a bottomless pit, looking for somewhere to store it pump it back down hole.

i will remember that, when I get laid off and wander why....because regan said i deserve what was coming...nice to know

[Enthalpic + 1,496]

18 hours ago, Ward Smith said:

Let me guess. By your logic Trump is at fault. Nothing to do with MBS or Putin or CV or anything, it's all on Trump. 

Question: Have you figured out how to pour piss out of your boots with the directions written on the heels? 

By your logic trump does no harm, and isn't responsible for any of these problems despite being leader of the most powerful nation?

Other leaders dealt with diseases and there wasn't global collapse (HIV, SARS, H1N1, Ebola). 

Trump destabilizes the world -which during the trade war you guys thought was a good thing - now accept that stability had its advantages.

Question: Can you answer a post without using a direct insult?

Edited March 19, 2020 by Enthalpic

[Enthalpic + 1,496]

Oh and destabilizing a world that was run by the capitalistic rich might backfire.  #socialism

[Geoff Guenther + 317]

The only way Trump was involved with this is that the Russians don't see him as an asset anymore. They have no reason to try to help him out of his hole as additional chaos in the world isn't helpful to them.

The Saudis, on the other hand, don't have to keep reserve capacity in place to appease the West, as Americans have shown they can ramp up capacity more quickly than even they can. For them it's now a fight for market share. They can bankrupt a bunch of drillers and take a slice out of Iran and then hope prices rise again.

Trump is only part of this indirectly. His "New Era of American Energy" looked dated when it was written as it's talking about a technology that is 150 years old that everyone else is trying to abandon.

[James Regan + 1,776]

2 hours ago, cbrasher1 said:

i will remember that, when I get laid off and wander why....because regan said i deserve what was coming...nice to know

Rasher Pump baby pump

[Douglas Buckland + 6,308]

2 hours ago, cbrasher1 said:

i will remember that, when I get laid off and wander why....because regan said i deserve what was coming...nice to know

Didn’t seem to bother you when WE lost our jobs!

[Old-Ruffneck + 1,177]

34 minutes ago, James Regan said:

Rasher Pump baby pump

You seem to forget that months and months ago Venz, Iran were tariffed to a trickle, and Libya with its ongoing problems down to less than 100k daily. So the small amount of LTO now making its way to other markets isn't the reason the man child MBS unleashed his taps. Demand destruction even after tariffs put in place and consumption still dropped. More non OPEC countries pumping same or a tad more and Guyana coming online with oil. The world as a whole is getting more product from new technics and market share is getting squeezed. Let em flood the market. Might hurt for a short while but MBS's peers will steer him in right direction. He tried this before and American Shale survived.

[Tom Kirkman + 8,860]

21 hours ago, Ward Smith said:

Let me guess. By your logic Trump is at fault. Nothing to do with MBS or Putin or CV or anything, it's all on Trump. 

Careful, you might offend me.         heh heh

https://twitter.com/arslan_hidayat/status/1240283627319185408

[Ward Smith + 6,615]

6 hours ago, Enthalpic said:

By your logic trump does no harm, and isn't responsible for any of these problems despite being leader of the most powerful nation?

Other leaders dealt with diseases and there wasn't global collapse (HIV, SARS, H1N1, Ebola). 

Trump destabilizes the world -which during the trade war you guys thought was a good thing - now accept that stability had its advantages.

Question: Can you answer a post without using a direct insult?

You'll note my post was not directed at you, but you must feel so guilty about that puzzle and your inability to solve it that you felt personally offended? You've been on my sht list since you made @Jan van Eck give up on this site. He's worth 10,000 of you and has belly button lint that's smarter than you. 

As for the rest of your diatribe, placing the blame on Trump for the Wuhan virus is rich, even for a person of your obviously limited intellect. Because Trump is the leader of the most powerful nation he should have, what dropped nukes on China? I'm interested in what your vast intellect comes up with. 

Trump  warned the world of the dangers of globalism and this virus and its spread only underscores that danger. Luckily American industries began to game plan for not made in China, and those industries are far ahead of the Apples of the world who thought it would be better to throw money at their already bribed politicians hoping they'd defeat Trump in the next election. Since stupid people outnumber smart, there just might be enough idiots to put their idiot in office. If you think Biden is smarter these than Trump, that just shows you still don't know what smart means. 

[Enthalpic + 1,496]

5 minutes ago, Ward Smith said:

You'll note my post was not directed at you, but you must feel so guilty about that puzzle and your inability to solve it that you felt personally offended? You've been on my sht list since you made @Jan van Eck give up on this site. He's worth 10,000 of you and has belly button lint that's smarter than you. 

As for the rest of your diatribe, placing the blame on Trump for the Wuhan virus is rich, even for a person of your obviously limited intellect. Because Trump is the leader of the most powerful nation he should have, what dropped nukes on China? I'm interested in what your vast intellect comes up with. 

Trump  warned the world of the dangers of globalism and this virus and its spread only underscores that danger. Luckily American industries began to game plan for not made in China, and those industries are far ahead of the Apples of the world who thought it would be better to throw money at their already bribed politicians hoping they'd defeat Trump in the next election. Since stupid people outnumber smart, there just might be enough idiots to put their idiot in office. If you think Biden is smarter these than Trump, that just shows you still don't know what smart means. 

Jan got himself banned or otherwise rejected because he couldn't control his emotions.

Thanks for answering my question (you can't).

Live long and prosper.  V

Edited March 19, 2020 by Enthalpic

[Ward Smith + 6,615]

5 minutes ago, Enthalpic said:

Jan got himself banned or otherwise rejected because he couldn't control his emotions.

Thanks for answering my question (you can't).

Live long and prosper.  V

Jan has a valid account and be managed to never get emotional for years until he went up against your emptiness. I've answered hundreds of questions and gotten thousands of upvotes where I never resorted to a single insult. I only direct attention to those deserving souls like yourself. Not to worry, everyone else gets a good laugh at your expense. 

Carry on. 

[wrs + 893]

5 hours ago, Douglas Buckland said:

Didn’t seem to bother you when WE lost our jobs!

Wasn't that like 5 years ago?

[Enthalpic + 1,496]

11 minutes ago, Ward Smith said:

Jan has a valid account and be managed to never get emotional for years until he went up against your emptiness. I've answered hundreds of questions and gotten thousands of upvotes where I never resorted to a single insult. I only direct attention to those deserving souls like yourself. Not to worry, everyone else gets a good laugh at your expense. 

Carry on. 

Like a child who gets sick of losing - he took his ball and went home.

No more fun for anyone, sad; I should have gone a little easier on the softy so we could have had more playtime.

I'll try to take better care of my toys in the future.

 

 

Edited March 19, 2020 by Enthalpic