Monkeys typing wrote:
Trollminator wrote:
American shale benefits bigly from price spikes, so it's all hot air from trump.
As do Russia, Saudi Arabia, and the UAE.
The price spike is largely driven by reimposing sanctions on Iran and is arguably not an unintended consequence of that action.
Recent price spikes have PARTLY resulted from that, but the the main reason for the increase since 2016 has been a tightening global supply/demand dynamic. Iran sanctions have had an effect but it's not as significant as say Venezuela's decreased production capacity.