• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 45 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 days Does Toyota Know Something That We Don’t?
  • 9 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 5 days America should go after China but it should be done in a wise way.
  • 11 hours World could get rid of Putin and Russia but nobody is bold enough
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 1 day The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 2 days Even Shell Agrees with Climate Change!
  • 13 days China is using Chinese Names of Cities on their Border with Russia.
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Editorial Dept

Editorial Dept

More Info

Oil Is At The Center Of The 2020 Elections

Donald Trump faces an interesting set of economic and geopolitical circumstances heading into the 2020 election. The President would obviously like the US to be in strong economic shape with robust GDP growth, low unemployment and low interest rates in November of next year. But he also would like to be ‘tough’ on China and Iran. Unfortunately, being tough on Iran comes at the cost of driving gasoline prices higher – something Mr. Trump hates- and being tough on China comes at the cost of lower GDP growth. But there is one potential short-term fix to this pair of issues which Trump can use to help provide an economic salve to voters via cheap gasoline and even gain apply as a bargaining chip with Beijing; let China buy a little more Iranian crude.

When it comes to politics and gasoline prices, the relationship is murky. It’s impossible to prove that high gas prices lead to lost elections, but we intuitively accept that voters don’t like their wallets to be squeezed at the pump. In somewhat recent US history, climbing fuel prices helped weaken consumers in the early 2000s before the tech crash and again 2006 and 2007 leading up to the housing market crash. Trump obviously wants American voters to feel financially confident on their way to the voting booth and cheap gasoline is an important part of this recipe.

Fortunately for Trump, he has an extremely valuable insurance policy against higher gasoline prices in his ability to let China…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News