We used to say OPEC was the Federal Reserve of oil. That title has been taken away.
President Donald Trump is now, without question, the most powerful man on the planet when it comes to oil and refined product prices. And like The Federal Reserve President Trump can act like the Federal Reserve and he perceives perhaps irrational exuberance in the market. It is also a testament to his policies of drill baby drill and hemispheric energy dominance.
Gasoline and diesel crack spreads collapsed afte...
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