catfish wrote:
"$110/bbl oil cuts off the Trump economic recovery at the knees.
This thing better be over in a few weeks, or it is going to get very ugly politically, and soon."
It's time for Mr. Trump to take action (not sure where his authority extends on this, if at all) to "sever" and "insulate" the American petroleum markets (all petroleum produced from inside the borders of the USA, and perhaps Canada as well) from "the rest" of the world market.
Cut it off.
Build "a wall".
But ... do something.
If the American oil market can be severed from the rest of the world, we will see prices (here) fall back towards "normal".
I realize you're going to reply that "petroleum is a fungible product".
But that's only because we ALLOW it to be so.
That can be controlled, if we want to do it.
So... DO IT.
After all, we are now "self-sufficient" in petroleum, are we not?
Isn't that what we've been told for a while, now?
If not, set me straight.
As for the rest of the world -- Europe, the far east -- let them deal with things on their own.
But for now -- don't ship them ANY American oil products. Let them sink or swim on their own.
If they want the oil flowing again, then it's time to "get on our boat", or swim away at their own peril.
Sorry if you don't care for this reply.
(but... this is WAR, and such times require wartime measures...)
