Saudi represent 12% of global production and half of their capacity was taken out. So that means 6% less oil? Trump has said he will release oil from the Strategic Petroleum Reserve to keep oil prices low. Saudi produces 12M barrels a day and 6M less is produced everyday. The SPR has 700M barrels of oil. I suppose he can keep the world supplied for 116 days so the US economy doesn't go into a recession which is what he will do to get re-elected? Iran is still producing oil and more in the future now Bolton is gone.
Don't you read the news?
Saudi represent 12% of global production and half of their...
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