Oil Prices Have Doubled Over the Past Year. Here’s Why That Won’t Last

Since the historic post-election rally fizzled out in December — as the initial euphoria on Wall Street over the surprise election of President Donald Trump gave way to doubts over his immigration policy, questions about the timing of his tax cuts and fears of trade wars — stocks have gone relatively quiet, grinding out incremental new highs. If this comes to fruition and output climbs to the projected 9.53 million barrels per day, it will represent the highest U.S. crude output sinc