Quote Originally Posted by Seran View Post
Using your own chart and cited information, oil was at $16.55 a barrel April 2020 during Trump's reign. Oil was then $52.00 January 2021 when Biden took office, almost a 350% increase.

So let's summarize, April 3, 2020 the American Petroleum Institute meets with President Trump while oil was flirting with $15 a barrel. During the coming months it after Trump helped negotiate a multi-nation supply cut, the oil price triples. There was literally too much oil and prices tanked, Trump cut supply and your party hails him a stable genius. Yet blames Biden for what Trump did before his presidency.

Idiot.
When President Trump took office, oil was at $52.50

Oil fluctuates, like any other commodity, based upon supply and demand.

Through 2017, it averaged around $50 a barrel.
Through 2018, it averaged around $65 a barrel.
Through 2019, it averaged around $55 a barrel.

Pretty stable, no?

Through 2020, the price crashed to $16.55 average in April. At that price point, many of the mom/pop oil companies (ZOMG BIG OIL!) can't make a living pumping oil at that low of a price... they actually lose money.. so the supply of oil dropped. This caused the price of oil to once again climb up to the "normal" price of around $40-$45 by the end of the year. 3 months of undervalued oil.

It's the same thing climate warriors do.. they pick the absolute lowest temperature and declare "ZOMG THE EARTH IS GOING TO MELT!" That's what you are doing here.. picking the absolute lowest price of oil to make your retarded conclusion that it's when the price started to dramatically raise.

It's not. It didn't dramatically raise up until the last half of 2021... and Trump wasn't President then.

Stop being stupid JUST to be stupid in every political thread.