OilPrice: Meltdown – Is Trump Setting The Oil Markets Up For Another Bust? January 26, 2017 by Garret Vreeland in Economics, Politics, Environmental While that seems great for U.S. oil producers, such a scenario would not play out in a vacuum. Higher U.S. output could push down global oil prices, just as the surge in shale caused a price meltdown in 2014 ... Not as simple as certain people deem.