Trump saving more American jobs - OPEC reaches deal on production cut

Parts of the country where high paying jobs were being created due to the O&G like in Texas, Great Plains, and Pennsylvania. Otherwise, the rest of the country actually was hurting. It all depends on how high oil goes, $2.50 per galloon is probably a decent middle ground for producers and consumers.

 

Not sure what you are trying to figure out? Is it related to oil prices?

 

Trump absolutely influenced OPEC's decision - there is simply no question. Remember oil prices and the US dollar are tied. Trump's election triggered expectations of him implementing inflation-boosting policies and potentially more protectionist trade deals, which raised the probability of interest rate hikes and a flight of capital from emerging markets into safe havens like the US dollar. OPEC of course took this into account when they decided to cut production.

 

That's cute if you aren't trolling.

 

Go back to the kiddie table, son. You're not able to discuss these concepts intelligently.

 

Bless your heart slugger if you think negotiations that started in early octoboer were affected by Trump. You keep trying and reading books champ...

 

Hey, the coffee pot's empty.

 

It's hilarious how the liberals shut up and resort to one-liners and insults when hit with actual logic. OPEC knew that the stronger US dollar due to the expected interest rate hikes and the "flight to safe havens" out of the emerging markets would put further downward pressure on oil prices. It was clearly one of the things that spurred them to action.

But go on with your one-liners, liberals! you'll always have the liberal pile-on technique to make you feel better and compensate for your lack of logic.

 

You literally have no clue what you are talking about.

OPEC's decision didn't have anything to do with u.s. interest rate hikes slowing growth and cause declining oil prices.

Demand is forecast to increase in 2017 in the U.S. and especially China and India.

OPEC is trying to cut production because they are losing a lot of money on these low prices which is being driven by Saudi Arabia who has been wanting to gobble up and hold onto market share. This isn't about interest rates, it's about supply and demand and finally the House of Saud realizing it has to find a way to raise prices and thus agreeing to supply cuts.

I thought you would at least know something about oil Texxxxxx. Seems like you only rub it all over your body in an effort to look like the body builder on your profile pic. Epic failure there too.

 

Palin dissed Trump's anti-capitalist Carrier move! WHY??

MAD.

Just say NO to intellectual bullying. Of Trump, by Palin.

(I would def grab her p***y. If she was smart. And looked like Jane March in 1992. And was cool.)

 

It isn't supposed to be a direct linear relationship. Interest rates exist as one of the few things that can be changed to directly affect the economy but in no way does it have control over the economy.

Maybe this isn't the best analogy for Houston, but think of interest rates as the little hand brake in a bobsled. You can use it to marginally control your velocity into dangerous curves or whatever, but once the bobsled starts moving, it's basically going to the bottom of the hill (or crashing) no matter what you do, based on how the course is set up and the weather conditions and whatever. The brake provides the only control you have, and sometimes slowing down or speeding up by 1/10th of 1 percent can make the difference between crashing or not but mostly when you start down the hill, you are at the mercy of gravity and the condition of the ice, and whatever else.

If your bobsled sits on a very small hill with a shallow gradient, no matter how much you fiddle with the brake, you'll never get going as fast as if you try going down Everest.

Japan's economy has been stagnant for so long that they even went to negative interest rates to try to make the economy accelerate, but if the economy at it's core is stagnant, no amount of fiddling with rates will affect it.