Trump made dirty deals to drive down oil prices for the election.

[shockey80]

Did you notice gas prices dropped before the election? Trump convinced (somehow) Saudi Arabia to increase production. At the same time he gave Iran a waiver on oil sanctions which of course pissed off Saudi Arabia. Saudi Arabia may now cut production which will cause gas prices to go up.

Everything Trump touches is corrupted. We have to get rid of this fucking asshole as soon as possible, before he hurts all of us.

[bullwinkle428]

1. I fucking knew that price drop weeks ahead of the election was

not coincidental. I would have bet my entire 401k that there was some kind of market manipulation.

[dkhbrit]

2. Increasing supply lowers prices

If the Saudi's cut production before the election it would have raised prices. You have your assumptions all wrong.

[rateyes]

6. The OP wrote it wrong. Saudi increased production

before the election, and is now talking about cutting production. Waivers were granted on Iran that took teeth out of sanctions.

[sagesnow]

3. If Saudia Arabia cut production before the election

wouldn't it have caused oil prices to increase? In other words, wouldn't decreased supply of oil cause a price increase in oil and gas?

[A HERETIC I AM]

4. Ummmm..you have that backward.

Trump convinced (somehow) Saudi Arabia to cut production. At the same time he gave Iran a waiver on oil sanctions which of course pissed off Saudi Arabia. Saudi Arabia may now increase production which will cause gas prices to go up.

No, that's not how it works. Crude Oil is a fungible commodity and its worldwide price is directly tied to supply and demand. Demand is low and trending lower and supply is high. The price falls, plain and simple.

If ANY producer seriously ramps up production, it will most certainly NOT cause prices to rise. Basic market economics.

[onenote]

5. Gas prices in my area dropped another $0.10 AFTER the election

and prices are still higher than they were a year ago.

And how does Saudi cutting production lower gas prices? And how does increasing production raise them?

[Johnny2X2X]

7. These games have consequences

Trump doesn't yet realize how delicate economies are, this will have consequences and will hurt the economy.

[shockey80]

8. Sorry, I have it backwards. I meant increase production.

[A HERETIC I AM]

9. Frankly I don't think he has that much sway.

The Bush family? Yeah, probably. They are old Texas oil money. Trump? Not so much.

[shockey80]

10. Trump has been in bed with Saudi Arabia from day one.

I believe that was his first overseas visit.