Trump on Iran sanctions, as , the his administration has granted temporary exemptions to eight countries to continue importing Iranian oil – China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey.
This is significant as China and India are among Iran’s largest trading partners.
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Okay so what we opposed just recently the strongest sanctions in the history of our country just about oh I guess North Korea’s there too but I gave some countries a break on the oil I did it a little bit because they really asked for some help but I really
Did it because I don’t want to drive oil prices up to $100 a barrel or 150 dollars a barrel because I’m driving them down if you look at oil prices they’ve come down very substantially over the last couple of months that’s because of me because you have a
Monopoly called OPEC and I don’t like weight and I don’t like that monopoly I don’t like it and oil prices are coming down so rather than deciding to be as tough as I am on most of the sanctions what I’ve done is I said we’re not going to do it that way
We’re going to let some of the oil go out to these countries that really do need it because I don’t want to drive the oil prices up to 100 or 150 dollars but which could happen very easily it’s a very fragile market very very fragile I know it very well and it’s the
Absolute right decision and they’ll get tougher as time goes by maybe but I don’t want to have any effect on the oil prices worldwide where I Drive them up because I consider that to be a tax and I don’t like to access process
32 Comments
Excellent work.
The Game/Gain of Propitious Oil and Gain Popularity in Politics?
THE GAME – Make oil as a political
commodity. This needs a strong political will to gain profits and votes. Pre-Elections:
Make crude oil prices low and make pump prices in status quo or lower the prices. Post-elections:
Keep the crude oil prices low in preparation for …
THE GAIN – Just
let the fundamental of crude oil in the Futures Market played by speculators.
As to what causes oil prices to rise. As with any commodity, stock or bond, the “law” of supply and demand cause oil
prices to change. When supply exceeds demand, prices fall and the inverse is
also true when demand outpaces supply…. While supply and demand affect oil
prices, it is actually oil. Then let the invisible hands do the maneuver at the …
SHORT FUTURES to position into an unlimited profit, unlimited risk that can be entered by
the futures speculator to profit
from a fall in the price of the underlying. The short futures position is also used by a producer to lock in a
price of a commodity that he is going to sell in the future in obviously higher price? CHECKMATE?
Hhhhhhhh oil is oil you go up you go down still as it is same b4 , but the Savage people who owned they controlling not the oil only also the silver and gold and specially the diamond that the must expensive thing , and every three month's increased the price , so please don't be liar , and try or you must learn the good politic to know how to answer the people question .
He has done it.
Hahah funny ! It is just OPEC decided to produce more demand not cuz of u
Pres. Trump…The Regulator…The BOSS Has Spoken…🛢️is going down -Swamp Drain…♠️
Why doesn't he know that the stock market and oil are correlated. Low oil prices is a sign of a bear market.
Big mistake with Iranian oil
If low oil prices are a risk to our economy because we are now producers…why doesn't someone let him know?
Baby Donnie is manipulating the price of oil.
Umm…. Raise it back up unless the working class can't afford it.
Uh, sanctions on Iran Oil is going to drive oil prices up to 100 – 150 a barrel… What happened??
Right, that's why gas prices spiked up again after you took office!
OPEC is run by Saudi Arabia Iraq, Iran and Kuwait so he can't sanction them all
I can't wait to vote for Trump again in 2020 !
Oil prices are coming down because you are stealing oil you crook. From Iraq from Syria. Quit calling Mexicans bad fellows first fix your stealing .
Oil prices came so far down it went negative.
You must think the open public are just a bunch of stupid idiots because the oil companies in America, the Shell Oil, the fracking oil and the Canadian tar Sands takes three times the cost to produce American oil because you have to go through many procedures and then you throw the waste back into the ground when you fract oil and contaminate the aquifers and natural Water Supplies because you're manipulating the EPA and then you need the price per barrel to be $60 a barrel to break even so the covid-19 was a perfect excuse to bail out your bankers and cronies who keep giving you money and loving you to change the rules and then Federal Reserve is printing trillions of dollars and oil subsidies without any petrol dollars to back it up while you're invading other countries to try to steal their wealth and giving us lies and deceptions in the open public! You're full of shit Donald Trump you're a liar just like all the other presidents of the United States! Problem is this bailout wasn't enough because you've been over printing hundreds of trillions of dollars to your cronies and the Federal Reserve is going to go bankrupt because nobody wants to use the petrodollar in any transactions around the world and you're slipping away financially! Major countries around the world are dropping the u.s. petrodollar and inflation is going to hit America and things were going to shit soon enough! Because you have to trade in gold instead of any paper fake money from America!
This clearly didn't age well.
We are running out faster than expected. Don't believe these liars the publics oil supply will run out in the next ten years!
Trump the driver of oil prices ahaha
This guy was not lying
Who’s here to appreciate what we had…
It’s true you never know what you have until it’s gone..
You don't believe him?
The good ole days…
Aged like fine wine
Only going down because your stealing it from Middle Eastern countries… syria
I have appreciated a lot about Trump, BUT …. as often as he goes on about what he plans to do to lower gasoline prices – get the {Keystone} pipelines moving oil through Native American lands – I`ve never heard any compassion out of him about the Native Americans, how the pipelines would affect them, or how USA might reimburse or reward them.
In fact, Trump "never" MENTIONS them! {publically, if he has ever mentioned them I don`t think that anyone noticed him say anything}
Of course, I haven`t forgotten that USA offered a large amount of "reimbursement" to a specific{?} tribe/nation, and they have yet to accept the money that it`s my understanding has been saved / set aside for them.
And his arrogance is wearing thin on my nerves, but he is still better than Biden and Harris, or Obummer.
You would to be a complete moron to think a president has anything to do with oil prices.
Is there something dumber than a moron?
I’ve been in the oilfield for over thirty years. I had to go to wind and solar while this dolt was in office.
Gasoline prices were already low before Donald Nero Trump became president. Prices started dropping around 2014 when Obama was president. 2015 and 2016 gasoline was 2 dollars and even went below 2 dollars. When Trump became president gasoline prices actually went up. Then Trump started his failed trade war and provoked China. China attacked the world with the corona virus. The whole world went into lockdown. The lockdowns caused the whole world to go into deflation. Deflation is what caused oil prices to get really low for a while in 2020. The Global economy was shut down for a while, then opened up again too fast. That is what causes the global inflation we experienced. It's called demand pull inflation. Donald Nero Trump wrecked our global economy. Our economy was fine before Trump became president. FDT! BIDEN 2024!
Covid reduced demand so cost came down. Plus he sold the largest Texas refinery to Arabia…who’s he kidding
🚲👁👁🗡💬LeEeoooOooooooooon……