US may have discussions with Maduro as aircraft carrier arrives in Caribbean, Trump says

[BumRushDaShow]

2. "Negotiating the terms of how Trump and allies gets hands on oil."

Right now, the U.S. is the largest crude oil producer in the world (thanks to all the fracking).



There is already a growing glut that will suppress the prices (maybe good for the consumer if enough refineries are operating to refine it), but bad for the producers if the price/bbl goes below their "breakeven".

E.g., -

(Mar. 27, 2024)
(from here - https://www.dallasfed.org/research/surveys/des/2024/2401 - was looking if they had a similar survey question this year but haven't found any yet)

This is why after 45's administration offered up all those new leases this year, very few have responded to take advantage.

YTD, it has ranged from ~$55/bbl - $80/bbl. Its running around $60/bbl for the past couple months.