Wednesday, February 5, 2025

TIDBIT FROM CLARE, 6 JAN

 Clare   

Article:  "Government advisor rules out Trump's oil cut plan, predicts appropriate price for Iraq"  

Quote:  "The financial advisor to the Prime Minister, Mazhar Muhammad Salih, ruled out the success of US President Donald Trump’s plan to reduce oil prices in global markets...

Saleh believed that what President Trump launched to work to make America the first producer and exporter of crude oil in the world to reduce prices will collide with the cost of producing shale oil...

which exposes American oil to loss unless American oil touches $80 per barrel to exceed the actual break-even point to recover costs and achieve profits.

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