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Forum - Wall Street Pit (Ipath Oil Return - OIL)    Stock Due Diligence for All

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From: rmlinden (Rep: 351) reply to wilksteDate: 04/02/2020 03:59
Forum: Wall Street Pit - Msg #2830823 - List OIL msgs Thread #674138842 (Rec: 0)
Re: Trump is saying he knows what to do to solve the OIL problem if Putin and Sau...

I dont get that strategy

What is there to gain by forcing only local oil to be used? Create a US only oil market with its own prices? Would that inflate the price locally? Which would be good for the oil companies. On the other hand the rest of the whole world is still on cheap oil but within the us borders the oil price floats up ?So for us companies it will cost more to buy oil because only local oil can be used? That would act like a brake, no?

On the other hand, if the us local price of oil remains the same as the world price, then it is at least guaranteed that the local companies will be able to sell more. Money would flow to them instead of out of the country. But US oil companies will lose money on each barrel made.

Is it a game to avoid money to flow out of the us?

its a strange move, seems hollow. But oil is reacting well on it.



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Reply to wilkste - Msg #2830781 - 04/01/2020 19:13

Trump is saying he knows what to do to solve the OIL problem if Putin and Saudis cant solve it. Rick Perry former Energy secretary said last night what Trump should do is
make it mandatory that Oil Refiners only refine USA oil and stop all foreign oil
coming into USA for 60 to 90 days so likely that's what Trump is thinking.



Re: Trump just said during his news conference today that he expects Saudi Arabia...
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