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Trump to OPEC: 'Reduce pricing now!'
Source: Reuters
BUSINESS NEWS JULY 4, 2018 / 5:02 PM / UPDATED 34 MINUTES AGO
Trump to OPEC: 'Reduce pricing now!'
Reuters Staff
3 MIN READ
WASHINGTON (Reuters) - U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.
“The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!” Trump wrote on Twitter.
The Republican president has lashed out at OPEC in recent weeks. Rising gasoline prices could create a political headache for Trump before November mid-term congressional elections by offsetting Republican claims that his tax cuts and rollbacks of federal regulations have helped boost the U.S. economy.
In a tweet on Saturday, Trump said Saudi Arabia had agreed to increase oil output by up to 2 million barrels, an assertion that the White House rowed back on in a subsequent statement.
-snip-
Trump to OPEC: 'Reduce pricing now!'
Reuters Staff
3 MIN READ
WASHINGTON (Reuters) - U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.
“The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!” Trump wrote on Twitter.
The Republican president has lashed out at OPEC in recent weeks. Rising gasoline prices could create a political headache for Trump before November mid-term congressional elections by offsetting Republican claims that his tax cuts and rollbacks of federal regulations have helped boost the U.S. economy.
In a tweet on Saturday, Trump said Saudi Arabia had agreed to increase oil output by up to 2 million barrels, an assertion that the White House rowed back on in a subsequent statement.
-snip-
Read more: https://www.reuters.com/article/us-oil-opec-trump/trump-to-opec-reduce-pricing-now-idUSKBN1JU2S8
5 replies
= new reply since forum marked as read
= new reply since forum marked as read
They control 70% of the oil market. Maybe fuckface should do something about that? Oh no, of course not. 
otherwise this is just twitler shrieks ...
