Tag Archives: oil price crash

Oil is crashing…

Well…another thing that trump gets involved in crashes and burns…just today, after trump boasted about his “greatest deal” to get Russia and Saudi Arabia to cut oil production, oil prices crashed to their lowest point in almost 30 years….trading as low as a dollar a barrel this afternoon with the prospect of oil companies having to pay people to get them to take their oil….I know that not all of this is trump’s fault, but much is since this crash is related to coronavirus pandemic that is burning through this country as trump fiddled away all of the early warning time he was given to golf and hold rallies. One thing that has been puzzling me from the start of the oil crash is whey the hell was trump trying to raise prices in the first place? Well…we know the why is that his cronies in the oil business have been pushing him to do something to get their profits back up, but doesn’t trump realize that every dollar a barrel means a hundred million dollars in “tax” on the American consumer? Cripes we know the answer to that one, too…he just doesn’t care as long as he can take care of his cronies….he never gave a damn about anyone but himself for his whole life so why would now be different? My big bitch about the whole thing is that with not being able to drive, I can’t take advantage of the cheap gas prices that may go under a buck a gallon soon…