Re:China backtracked on almost all aspects of U.S. trade dea...
by zaroth on Wednesday May 08, 2019 @03:14PM
(#19861946)
Letting good things continue is just as important as making bad things stop.
Obviously the US produced oil before Trump. But oil production has increased remarkably in the last couple years, and support for expanded drilling access and pipelines is a part of that. Agreed, for better or worse. It’s hardly controversial that Trump is pro domestic oil production. Just look at Bolton’s comments at the recent Arctic summit!
Oil could increase more under a Trump presidency than any other in history. Certainly under a barrel/mo basis if not also as a percentage increase YoY.
Your cited graph is hardly definitive. A long period of stagnation followed by hypergrowth, reconciliation in 2015, and then more hypergrowth.
Obviously the US produced oil before Trump. But oil production has increased remarkably in the last couple years, and support for expanded drilling access and pipelines is a part of that. Agreed, for better or worse. It’s hardly controversial that Trump is pro domestic oil production. Just look at Bolton’s comments at the recent Arctic summit!
Oil could increase more under a Trump presidency than any other in history. Certainly under a barrel/mo basis if not also as a percentage increase YoY.
Your cited graph is hardly definitive. A long period of stagnation followed by hypergrowth, reconciliation in 2015, and then more hypergrowth.