i understand you and know how his actions affect the world and thats not good. still im not affected yet, so i can still laugh. xD (inbefore next month when the oil gets more expensive.)
Interestingly, I don’t think that’s going to happen. OPEC could decide to ramp up production if USA lowers theirs. Demand for oil isn’t rising the way it used to due to alternatives not only becoming viable but actually cheaper as well.
i understand you and know how his actions affect the world and thats not good. still im not affected yet, so i can still laugh. xD (inbefore next month when the oil gets more expensive.)
Interestingly, I don’t think that’s going to happen. OPEC could decide to ramp up production if USA lowers theirs. Demand for oil isn’t rising the way it used to due to alternatives not only becoming viable but actually cheaper as well.
yea, probably so
OPEC will reduce production if the price of oil goes too low.
In a recession with lower demand and everyone hunkering down oil prices probably decline.