Trump lashes out because he got what he wanted
By the time a baby is able to walk it has learned the concept of "cause and effect".
President Man-Child has yet to learn this basic concept.
The price of oil is going up (in an election year!), and oil traders are predicting the return of $100 crude for the first time since 2014.
“The market does not have the supply response for a potential disappearance of 2 million barrels a day in the fourth quarter,” Mercuria Energy Group Ltd. co-founder Daniel Jaeggi said in a speech at the S&P Global Platts Asia Pacific Petroleum Conference, knows as APPEC. “In my view, that makes it conceivable to see a price spike north of $100 a barrel.”
Why would so much oil being going missing from the global oil market?
Mostly because President Man-Child defied the advice of his allies and advisors, and went ahead with a reckless foreign policy that no one outside of Israel and Saudi Arabia wanted.
Iranian oil exports have plunged about 35 percent since April, the month before Trump ripped up the diplomatic deal that Barack Obama negotiated to curtail Tehran’s nuclear program and announced new oil sanctions.
"Iranian oil exports are coming down pretty hard," said Roger Diwan, a veteran oil analyst at consultant IHS Markit Ltd.
The bigger-than-expected reduction, with more to come, is a win for Trump, who made a tougher stance on Iran a cornerstone of his foreign policy and imposed the sanctions despite opposition in Europe and open hostility from China and India, the top buyers of Iranian crude. When the sanctions were first announced, their unilateral nature prompted many in the oil market to question their effectiveness.
Yes, "a win for Trump".
I'm sure that all the Trump-voters who drive gas-guzzling trucks will be celebrating Trump's win every time they fill up.
In another month crude oil prices should be at $90.
BTW, Iran's OPEC representative Hossein Kazempour had some advice for The Donald.
‘The Trump administration is pushing politics into the OPEC, and is aiming at spreading the members and securing their own interests by getting lower prices and so forth. I am telling him, keep quiet, do not do any tweets, and then you will be better off in the prices.’