Post

People really want Trump to be an economic disaster and sorry, it's just not playing out that way. There's no doubt his policies have reduced growth relative to an alternative baseline, but the US economy is in great shape for the near to medium term, even more so given everything he's thrown at it.

Sooner or later he can't take any more out of the SOR.

That’s not what is keeping a lid on prices.

I admit I do not understand what is keeping a lid on prices because the oil supply chain is what it is, and every previous oil supply chain shock has transmitted straight to the market and this one just... isn't.