RE:RE:RE:RE:RE:RE:RE:RE:Opec plus.."Oil's drop during Trump's reign had everything to do with Opec/Russia and the pandemic."
That was some of the catalysts.. but the rise of production in the shale plays in the US was the start of the need of OPEC to manage production.. and when they found Russia cheating the price war erupted.. which in the end was created by over production in the US
"The republicans are likely to sanction all of Iran, Venezuela, and Russia within the first 100 days likely causing a price spike"
Possibly true.. but sanctions have been ineffective to date and a "price spike" is not a staying trend, as much as steady pricing, that companies can bank and budget on.. the boom/bust scenario isn't really healthy for the sector.. IMO
"They are also planning to restore the SPR to 700M barrels within two years of being elected providing strong support for prices."
I think you'll see that from both administrations after the election.. no reason to manage the commodity price to buy votes at that point. And for the sake of national security I think you'll see the dems do the same which should support at least a $75 WTI price.. ??