Trump calls on Russia and Saudi Arabia to cut oil production
4/2/2020
Potus saw this coming. we new demand was down and stockpiles were nearly full. He tried to get SA and Russia to cut production. this would've eased the impact of an unsellable inventory. but they didnt agree to it.
What i cant figure out yet is if it was all smoke and mirrors to hide their intentions, or something more nefarious.
the oil industry collapsing has so many implications in the global economy that people havent even thought of them all yet.
so far im leaning towards this was not part of the plan. im having trouble reconciling the pros given the impact of the cons.
https://www.politico.com/news/2020/04/02/trump-calls-on-russia-and-saudi-arabia-to-cut-oil-production-161368