US oil production keeps rising, now at 12.3 million
barrels per day (mbpd); good job, Trump. Putin and Russia are angry since their
main business is exporting oil and gas they hate more competition. From this
angle alone, the Trump-as-Putin-puppet is an idiotic moronic proposition at the
onset.
Russia oil production is 11.05 mbpd max, Saudi Arabia oil production is 11.1 mbpd max, now down to only 9.8 mbpd because of the OPEC + Russia collusion on oil output cut.
https://tradingeconomics.com/saudi-arabia/crude-oil-production
Oil prices should go down, world oil production should go up, and governments should not over-tax oil production and trading.
Meanwhile among the recent stories, May 02, 2019:
https://www.cnbc.com/2019/05/02/oil-market-us-sanctions-on-iran-venezuela-crisis-in-focus.html
https://www.zerohedge.com/news/2019-05-02/trump-wins-oil-prices-plunge-opec-tweet-russia-production-surprises
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See also:
Energy 121, US oil and natgas production, February 23, 2019
Energy 122, TAPP roundtable on the power sector, April 07, 2019
Energy 123, Gasoline prices in selected ASEAN, April 20, 2019
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