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I think the title of your post was appropriate. AMERICA killed OPEC, not Obama or Trump. By the time Trump took office, fracking was well on it's way but, on the other hand, Obama was not a friend of the industry and our oil independence happened despite, not because of his policies. Someone should take a closer look at GWB's involvement in allowing fracking to move forward.


That said, as an oil PRODUCER, our president needs to understand that there is a such thing as oil prices being TOO low. His recent cheer leading was misplaced. It is estimated that as many as 10 million jobs are directly or indirectly supported by the oil industry. Recently, we could see that a dramatic drop in oil prices has been followed by extreme weakness in the stock market, plunging junk bond market and fear in the financials which lend billions to the oil industry. In the end, the question may not be whether or not we killed OPEC but whether or not we are now a member. Careful what we wish for.
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