田東正 : Americans have high wages, and shale oil has high extraction costs. American petroleum has no competitiveness in the international oil market, just like the American auto industry, which can only rely on government subsidies to survive!

Dragon Fish OP 田東正 : Are you kidding? The US is the largest oil producer now. Can anyhow produce as they like without need OPEC+Russia approval.
investingnews.c...

Dragon Fish OP : During Donald Trump's first term (January 2017 - January 2021), oil prices varied significantly due to various economic and geopolitical factors, as well as the onset of the COVID-19 pandemic. Here’s an overview of the range:
1. 2017 - 2019: Oil prices generally fluctuated between $45 and $75 per barrel (WTI crude).
2017: Prices started around $52 per barrel, gradually rising to about $60 by year-end.
2018: Oil prices peaked near $76 per barrel in October, but by year-end, they dropped below $50 due to market adjustments.
2019: Prices mostly stayed in the $50-$65 range, influenced by U.S.-China trade tensions and OPEC production adjustments.
2. 2020: This year was highly volatile due to the pandemic.
Early 2020 saw prices in the $50-$60 range.
In April 2020, WTI crude futures went negative briefly (reaching -$37 per barrel) because of a collapse in demand and storage capacity issues.
Prices recovered to around $40-$50 per barrel by the end of the year as the economy began to recover and supply cuts were implemented.
Overall, the range of oil prices during Trump's first term was roughly - $37 to around $76 per barrel, though prices were mostly in the $45-$75 range during normal economic conditions.

547688699 : The large drop has caused all oil stocks to plummet.

NKM41 : Yeah, why not?

Roy Lim 87 : can buy the dip if you have cashflow

Louie Fatt OP : For MM points