Mr. Trump is at it AgainTrump says "prices are too high at current levels of supply (or words to that effect). He also cuations OPEC not to cut production. I guess as the grand pubah of the US, he can make those statements. I wonder how well this will go down in Houston, Ryadh and Moscow. Not well I would imagine. He has about as much knowledge of what this would do to his oil and gas sector (ie another 2015 crash which many companies will not survive with current debt levels) as he does to history and presidential duties ( ie. missing the ceremony on Saturday attended by other international leaders - maybe this is when he dreamt up this post).
I have followed VII for a long time. The first time it really nose dived was in Q-1 2017, when Trump announced the BAT would be coming. Never really have forgiven him for the $4 VII haircut.
This would all be funny if it didn't hurt so much.
I worry about the future as every hot war starts with economic santions and tariffs. The sad thing is that tariffs are discretionary.