"Exposed: The Trump, Putin & Saudi Connection to High Gas Prices" - thom hartmann
Exposed: The Trump, Putin & Saudi Connection to High Gas Prices
Want to know why gas costs so much? Trump may be long out of power, but the impact of his corrupt treachery lives on...
It was a double-whammy for two of then-President Donald Trumps biggest patrons, Vladimir Putin and American fossil-fuel billionaires and their industry: the price of oil was too damn low.
Between the pandemic-induced collapse in demand for oil and the price war Saudi Arabia was then fighting with Russia two of the worlds largest producers Putin was being pinched badly. And in America, from Pennsylvania to Texas, oil producers were outright losing money on the oil they pumped. Gas prices were at record lows, gutting the profits even of refiners.
So, Trump acted. It seemed inexplicable at the time, but in retrospect (knowing now how tied to Putin he was) it makes perfect sense.
In the second year of his presidency, Trump had blown up the Iran nuclear deal that Obama had a hand in fashioning, letting us all think it was because he was trying to erase Obamas legacy. But the real and immediate impact of Trumps decision was to pull almost 3 million barrels of Iranian oil a day off the world market, boosting profits for Russia, Saudi Arabia and the US fossil fuel industry.
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https://hartmannreport.com/p/exposed-the-trump-putin-and-saudi