Trump’s year in OPEC tweets: How the president deflected blame for rising oil prices

President Donald Trump has sought to shape the conversation around rising oil prices this year by attacking OPEC on Twitter.
Trump has blamed OPEC for higher oil prices, especially at times when his decision to restore sanctions on Iran was pushing up the cost of crude.
OPEC is poised to defy Trump and launch a fresh round of production cuts following a two-month collapse in oil prices.


Analysts already warn that oil prices at $50 a barrel will start to put financial pressure on U.S. drillers, who rely on expensive techniques like hydraulic fracturing to produce oil and gas. It’s not clear how this plays into Trump’s calculus, or whether the president truly intends to pursue ultra-low prices.

The White House did not respond to a request for clarification on Trump’s preferred oil price.

Leave a Reply

Your email address will not be published. Required fields are marked *

Name *