Well Played, Mr Trump -- Oil Tumbling -- Inexpensive Gasoline Just In Time For The Midterms -- November 6, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Well Played, Mr Trump -- Oil Tumbling -- Inexpensive Gasoline Just In Time For The Midterms -- November 6, 2018, 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 : Well Played, Mr Trump -- Oil Tumbling -- Inexpensive Gasoline Just In Time For The Midterms -- November 6, 2018
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Well Played, Mr Trump -- Oil Tumbling -- Inexpensive Gasoline Just In Time For The Midterms -- November 6, 2018

This tells me how much influence/power a president has. In this case, the bully pulpit that moved the markets a few months ago; and then the power to grant waivers, completely disrupting the markets. Had this happened under the Obama administration, not a few of us would have been crying foul. LOL.

WTI is now below $62. Who would have ever thought? Crude oil is now trading in "bear market" territory.

I assume the "peak oil" folks have an explanation for this, too. My hunch is they will tell us this has to do with "peak demand," not "peak oil/peak supply" and nothing to do with politics.

Either way, well played, Mr Trump, driving WTI to lowest levels since April, 2018, when folks were talking about $100-oil, or "worse."

In response to concerns about all the Iranian oil coming off the global market, it appears the US shale operators, Russia (hitting new production records) and Saudi Arabia all produced as much as they could.

And now this: not only did the US, Russia, and Saudi Arabia easily make up the "expected" Iranian shortfall, the US granted enough Iranian waivers to keep the VLCC's in high demand.

One thing not being talked about: a few months ago, it was said Trump would be talking to Saudi pressuring the kingdom to open the spigots so that gasoline would not be sky-high during the midterms. How much leverage did Trump have prior to October 2, 2018? Probably not much.

After October 2, 2018 - how much leverage did Trump have? Infinite. And Saudi Arabia opened the spigots.

Quick: what happened on/about October 2, 2018?

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Thus Article Well Played, Mr Trump -- Oil Tumbling -- Inexpensive Gasoline Just In Time For The Midterms -- November 6, 2018

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