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Trump goes begging to Putin, for help on the oil issue

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  • Trump goes begging to Putin, for help on the oil issue

    The US oil & gas industry is tanking and will soon go the way of the DoDo bird. The current price of a barrel of oil (~$20) is far far below break even for US producers.

    After years of US sanctions, personal attacks, stirring up regime change on Russia's own borders (Ukraine), etc etc AND AFTER US efforts to sabotage the Nordstream II gas line from Russia to Germany, DESPITE ALL THIS, Trump called Putin the other day to beg a favor -- please cut your oil production to help us out....purty please...

    Thanks Mike Whitney for killing it as usual...

    Trump Asks Putin for Help in Oil War
    By Mike Whitney

    April 01, 2020 "Information Clearing House" -Donald Trump called Russian president Vladimir Putin on Monday to discuss plunging oil prices that are wreaking havoc on America’s shale oil industry. The two leaders talked briefly about the coronavirus pandemic but quickly switched to Trump’s real concern which is oil production.

    For the last month, Saudi Arabia has been flooding the market with crude oil to force Russia to agree to deep production cuts. To his credit, Putin has stubbornly resisted Saudi coercion and maintained current output levels. As a result, prices have plummeted to an 18-year low of $20.09 per barrel which is well below the break-even rate that American frackers need to survive. In less than a month, the capital-intensive US shale oil industry has gone into a steep nosedive that has set off alarms on Wall Street where analysts expect that a wave of defaults will deliver a knockout blow to the big investment banks. That’s why Trump decided to call Putin. He wants to see if he can persuade the Russian president into slashing production.

    It’s worth noting, that Putin remained stoically silent when the Trump administration imposed economic sanctions on Russia for its alleged activities in Ukraine. Nor did the Russian president complain about Washington’s meddling in Syria or its attempts to block Russia’s pipelines to Germany and Bulgaria. (Nordstream and Southstream) But now that the shoe is on the other foot and US business interests are being hurt, Trump thinks nothing of calling Moscow for help. As one critic said, “It looks like the Trump team can dish it out, but it can’t take it.”


    https://www.unz.com/mwhitney/trump-a...-in-oil-war-3/

  • #2
    Making America a laughing stock...



    Russian plane with coronavirus medical gear lands in U.S. after Trump-Putin call

    MOSCOW/WASHINGTON (Reuters) - Russia sent the United States medical equipment on Wednesday to help fight the coronavirus pandemic, a public relations coup for Russian President Vladimir Putin after he discussed the crisis with U.S. President Donald Trump.




    Trump, struggling to fill shortages of ventilators and personal protective equipment, accepted Putin's offer in a phone call on Monday. ARussian military transport plane left an airfield outside Moscow and arrived at New York'sJohn F. Kennedy airport in late afternoon onWednesday.

    ...Emergency aid to Washington was a striking development. Usually, the United States donates supplies to embattled countries rather than accepting them.

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    • #3
      Whitney is to Putin what Dobbs is to Trump.

      Comment


      • #4
        Originally posted by L.A. BRONCOS FAN View Post
        Making America a laughing stock...



        Russian plane with coronavirus medical gear lands in U.S. after Trump-Putin call

        MOSCOW/WASHINGTON (Reuters) - Russia sent the United States medical equipment on Wednesday to help fight the coronavirus pandemic, a public relations coup for Russian President Vladimir Putin after he discussed the crisis with U.S. President Donald Trump.




        Trump, struggling to fill shortages of ventilators and personal protective equipment, accepted Putin's offer in a phone call on Monday. ARussian military transport plane left an airfield outside Moscow and arrived at New York'sJohn F. Kennedy airport in late afternoon onWednesday.

        ...Emergency aid to Washington was a striking development. Usually, the United States donates supplies to embattled countries rather than accepting them.
        In your dreams maybe.

        No the US has ramped up sanctions to try to block medical help from reaching the hardest hit nation, Iran. This shows the Zionists now run US foreign policy in the Mideast. Their influence has been growing for many years - and now they run the show.

        US policy now resembles the racist Israeli treatment of the Palestinians -- who are crammed into the largest concentration camp on earth (Gaza) and facing a pandemic nightmare -- without medical supplies indeed without even clean water to drink.

        Sad for the world -
        Last edited by mhgaffney; 04-02-2020, 10:32 AM.

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        • #5
          Originally posted by Rohirrim View Post
          Whitney is to Putin what Dobbs is to Trump.
          You said the same about two-time Pulitzer Prize winner Sy Hersh because he told the truth about US attempts to run the world.

          Ro is an inveterate flag waver no matter how insane the war policy.

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