candide

Here's the chart.

Sorry I have edited my post after you replied. Why wouldn't they be able to do what they have basically been doing since you were in high school?

No. Why wouldn't they be able to do what they have basically been doing since you were in high school?

However, the dictator's regime was at least secular. The dumb U.S. Republicans put in place a political system based on religion. The President must be Suni and the PM must be Shia (and Christians left the country because there was no one to represent and defend them)!

Then we agree. That's exactly the point I was making.

Maybe more revenues than if they keep the same production at a lower price. Anyway, until now, that's what they've done so far, and that's the stated goal of OPEC: control production level in order to control prices.

That's how OPEC countries acted in the past. Revenue=Price×Quantity. It depends on how price and quantity variate. On top of it, they know their reserves are not infinite. The article I cited did not claim the increase of U.S. production was the only factor.

The two dotards may find interesting talking subjects For example, Trump canexplain him how to fix pampers properly, according to his own experience! 😀

Yet U.S. oil prices are dependent on OPEC decisions, as I showed.

It's you misinformed by GOP propaganda. 😀 "OPEC ministers confirmed it had secured a cut in its oil production from 33.8 million barrels a day (b/d) to 32.5 million b/d in an effort to prop up prices. Oil prices have fallen by more than half since mid-2014 due to global oversupply and booming U.S. shale production." https://www.cnbc.com/2016/11/30/opec-reportedly-reaches-agreement-to-cut-oil-production.html https://tradingeconomics.com/commodity/crude-oil

What authority has the U.S. on this matter?

No. Right on time for the midterms.

And it's not like the OPEC would restrict production in order to keep prices high enough, as they did every time the U.S. increased its production! The main reason why gas prices pre-Covid under Trump were in general higher than in 2016 under Obama.

You could also mention Saudi Arabia, which has been financing the expansion of Salafism/Wahhabism, known for breeding most of the Islamic terrorism in Western countries and Africa.

More golden age predictions... 😃 Economists say Trump could give Americans the very thing they voted against High prices helped Trump get elected. Economists say his proposals could also be inflationary. Lower taxes, new tariffs, and deportations are seen by some as driving inflation and higher rates. The Fed may be forced to hike interest rates if inflation rebounds, raising borrowing costs for Americans. https://www.businessinsider.com/donald-trump-election-win-high-inflation-risk-tariffs-deportations-taxes-2024-11

There are still a few good news! 😃

Interesting article 😀 Quote The 9% inflation under Biden came from a combination of COVID distortions, a surge in stimulus-funded spending, and Russia’s 2022 invasion of Ukraine. Trump is unlikely to face such an unusual confluence of inflationary forces. But his own policies could make thousands of everyday products more expensive through tariffs and the deportation of migrants who are an important source of cheap labor. Housing affordability could be a particular vulnerability for Trump. There are at least two problems here: a lack of housing, especially lower-cost units, and mortgage rates that seem stuck above 7%. There’s nothing about Trump’s agenda that addresses either of those problems, and if his policies do turn out to be inflationary, rates could even go up, making housing affordability worse.

It doesn't make sense. If voters cared about honesty, they would not have elected Trump! 😃

I was expecting that the RW would claim merits for the outcomes of Biden's policies from Trump's first day in office, but not more than two months before! 🤣

It's not the only reason, of course.

U.S. tariffs are differentiated according to the specific good involved. It's 2.5% on cars but 25% on trucks. Keep in mind that, unlike UK, the EU is the second export market for the U.S., so it has a significant negotiating power. What will Trump demand in exchange of 0% tariffs (appart from chlorinated chicken)? Are you naive enough to think that Trump will not take advantage of the assymetric power of the U.S. to extort significant concessions from UK?

I have never denied any economic indicator. My point has always been that inflation and price of energy are global phenomenon which have affected each and every country, and are not specific to the U.S. And also posted the relevant data about it. This is the main reason why all incumbents have lost vote shares in these countries, or even have been outvoted as in UK. The "great" aspect of the U.S. economy is that no other large developed country, confronted with similar levels of inflation, has enjoyed so much post-pandemic GDP growth. Compared to 2019, growth in the U.S. has been around 2 times higher than Canada, 2.5 times higher than the Eurozone, and 3.5 times higher than UK or Japan. (I have posted the data several times, I can repost it if you wish.)

Ridiculous empty comment.

The obvious reason is the impact of post-Covid economic problems, in particular inflation, which has affected each and every developed country, whatever the political colour of incumbents. Archived FT article: https://archive.is/5yM7S

Exactly!