• 3 minutes Why NG falling n crude up?
  • 7 minutes Tesla Battery Day (announcements on technology)
  • 10 minutes America Could Go Fully Electric Right Now
  • 49 mins Kalifornistan, CO2, clueless politicians, climate hustle
  • 23 hours JP Morgan Christyan Malek, report this Summer .. . We are at beginning of oil Super Cycle and will see $190 bbl Brent by 2025. LOL
  • 1 hour Presidential debate will address taxes. Personal and Corp, including International Oil companies that pay little U.S. Income tax using Transfer Pricing.
  • 6 hours Something wicked this way comes
  • 23 hours Jake Gardner from Omaha wrongly charged with murder while protecting his business from rioters. . . . . . Kills himself
  • 2 hours Ilhan Omar connected Ballot Harvester in cash-for-ballots scheme
  • 2 days Amount of Oil Usage in the United States
  • 23 hours Ten Years of Plunging Solar Prices

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…




Oilprice - The No. 1 Source for Oil & Energy News