Article

2018-11-11 Economy

Brent Oil Drops under $70 for First Time since April

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Posted by Fred 2018-11-11 00:00|| || Front Page|| [4 views ] Top

#1 Trump has opened up a lot of drilling areas and de-regulated the business and now the US is the top exporter of oil. Give credit where it is due.

Posted by Ulaigum Ebbineng7056 2018-11-11 00:42|| 2018-11-11 00:42|| Front Page Top

#2 Oil is necessary, but financial markets have turned it into something more akin to meth. Breaking that model is a great thing. It's Trump making it possible.

Posted by M. Murcek 2018-11-11 09:03|| 2018-11-11 09:03|| Front Page Top

#3 But... but... I was told we can't drill our way out of the problem!!!

Posted by DarthVader 2018-11-11 12:32|| 2018-11-11 12:32|| Front Page Top

#4 Friday West Tex closed at about $60 and the Mississippi Platform oil closed at about $65

both of these were $10 higher just two weeks ago

the most interesting thing is that the US is now producing about 11.5 million bpd and probably will hit 12 M bpd by the middle of next year and maybe 13 M bpd by mid 2020

this makes up for the decrease in Iran's sales

Posted by lord garth 2018-11-11 14:36|| 2018-11-11 14:36|| Front Page Top

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