RE:RE:RE:RE:RE:RE:RE: is that all you got ??Robert, let's unbaffle things for you .
US shale production is peaking and the best plays are mostly drilled which suggest there is likely little upside especially in a low price setting. US production for 2024 is flat 10 months into the year already with 2 remaining with drill rigs declining with oil prices.
What makes you think a President will have the ability to flood the market when it's the CEO's that mostly decide that based on various factors but mostly the price of oil and returns. If Trump gets ANWR approved that may make an impact but will take quite some time to get that oil to market.
In case you haven't noticed, oil is currently manipulated lower, to help get votes with lower gasoline prices and declining inflation. That is clearly demonstrated by a -6% decline to oil on Monday when 100 Israeli fighter jets pounded Iran military targets. It was well understood that the military only campaign was to be the plan based on news reports late last week which suggests that scenario should have been factored into oil prices on Monday. Since when is an escalation of war in the Middle East a big sell-off day?
I'm not sure how much Trump can get done this time around as the Dems are more prepared this time around or like in his past Presidency positive policies will go mostly unreported. Expect them to try to take him out on all types of allegations but this time via the courts. More smearing, endless political litigation, the re-emergence of orchestrated rioting (Black Lives Matter should awaken, perhaps also Migrant Lives Matters) so it will be planned chaos just to show electing Trump was the wrong choice. And the Democrats claim they are trying to unite the country.