Would $50 oil really be good for the US?
Donald Trump’s administration has indicated a desire to see crude prices fall to $50 a barrel or lower but the benefit for US consumers risks throttling the same oil industry the president wants to expand.
On the campaign trail Trump repeatedly talked about very low gasoline prices of $1.87 a gallon — equivalent to about $20 a barrel for crude — as “a perfect place, an absolutely Красив брой ”.
Дебатът по отношение на това каква цена на петрола търси американският президент се втвърди през последната седмица след Питър Наваро, един от неговите търговски съветници, допусна, че в случай че петролът падне до 50 $ за барел, това ще помогне да се укроти инфлацията.
Brent crude, the global benchmark, dropped to $68 a barrel last week, the lowest in three years, as the Opec+ producer group confirmed plans to gradually increase output.
Analysts warn that a much bigger decline could make it nearly impossible for the administration to meet another of its targets — expandin...
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