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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (1049909)	1/22/2018 8:26:00 AM
From: RetiredNow	1 Recommendation Recommended By majaman1978 Read Replies (1) \| Respond to of 1573902

You are right about the oil prices, but attributing the causes to the wrong sources. Oil prices soared under Bush, because we were at war in the Middle East. Obama slowed the wars down under his watch, but also, OPEC flooded the market to try to run the shale oil companies out of business. Unfortunately for OPEC, it didn't work and it dealt a very serious blow to the revenues of Middle East countries and Russia. So now OPEC countries went the other direction to hold back supply to drive the price back up. Prices at this level are going to be VERY good for shale producers and we'll see a flood of new supply hit the market as OPEC fractures and countries like Russia go their own way. So what you are seeing is more supply and demand dynamics from a mostly free market. Bush, Obama and Trump are bit players in a market that is bigger than any actions they can take. What you are suggesting is that someone pissed into a Tsunami and changed its course. That really just points to an ignorance of how large and dynamic this industry is.