More Nonsense: "Our Government Has Not Agreed To Crude Oil Production Cuts" -- December 2, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title More Nonsense: "Our Government Has Not Agreed To Crude Oil Production Cuts" -- December 2, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : More Nonsense: "Our Government Has Not Agreed To Crude Oil Production Cuts" -- December 2, 2017
link : More Nonsense: "Our Government Has Not Agreed To Crude Oil Production Cuts" -- December 2, 2017

More Nonsense: "Our Government Has Not Agreed To Crude Oil Production Cuts" -- December 2, 2017

Investopedia  is usually pretty good explaining things so I was quite surprised by this:

Dow components Exxon Mobil Corporation and Chevron Corporation have underperformed throughout 2017 but could lift into market leadership in 2018, underpinned by a resilient crude oil market and strong U.S. economy, supercharged by tax cuts and deregulation.

However, buying these stocks too early could be hazardous to your bottom line because end-of-year tax selling may inhibit buying power until the calendar flips in January.

The WTI crude oil contract has lifted to a two-year high and could soon test resistance in the lower $60s.

Meanwhile, OPEC and Russia have just agreed to extend oil output curbs through the end of 2018, allowing U.S. energy companies to benefit from higher commodity prices as well as ramped-up production levels because our government has not agreed to similar cuts. Taken together, energy stocks at all capitalization levels could finally enter bull market advances. 

What the heck? "Our government has not agreed to similar cuts." What? What does "our government" have to do with setting quotas or mandates for crude oil production.

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