Gustavo Woltmann

Well @overthere I think the OPEC is still the one controlling the oil prices even though the US is exporting oil but when they export in huge quantities the supply rises over the demand making the prices go lower and I think that is what saudis are trying to do to stop US from exporting Oil. Sure it's not a wise idea but countries are dealing with oil in very childish way. - Gustavo Woltmann

@overthere I totally agree with you but I am still concerned about the production debate between US and Saudi Arabia is destroying the oil markets. It should be cooled down and start dealing with the oil as a diminishing substance that will be replaced by renewable energy in one day.! -Gustavo Woltmann

the Oil can't go lower and the USA wants to raise the prices because it is now also producing Oil. - Gustavo Woltmann

I think that's what might happen pretty much and very wise thinking but I don't think he will align with Iran under any circumstances ! Iran is very wise not to be leveraged easily plus it's on the russian side. That is a good opinion, however, the USA has strong influence on Saudi Arabia and can influence it to lower the production because they are drilling like crazy. - Gustavo Woltmann

Hello everyone, what does everyone expect will trump do with the OPEC ( Oil Production/ Exporting Countries like Arabic countries ) as to lower the oil & gas production so the oil prices would rise again?, well I personally can't predict facts but after president Obama won 2008 the oil prices has risen once again in the market, but today low oil prices affects the whole words market. I think that the right decision to take is to convince the OPEC to lower production for the whole worlds benefits, does anyone else think the same as well ?? Thanks & regards, - Gustavo Woltmann