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Related: About this forumTrump 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
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Trump to OPEC: 'Reduce pricing now!' (Original Post)
Eugene
Jul 2018
OP
Pssst, you're not king of world and you lost the 2016 US Presidential election.
sinkingfeeling
Jul 2018
#5
lapfog_1
(29,189 posts)1. you know...
if you stuck to the Iran deal... gas prices WOULD be lower. Twitidiot!
louis-t
(23,266 posts)2. Speculators are adding to the problem.
They control 70% of the oil market. Maybe fuckface should do something about that? Oh no, of course not.
dweller
(23,610 posts)3. do sheiks tweet?
otherwise this is just twitler shrieks ...
muntrv
(14,505 posts)4. Remember when W. Bush said he would jaw with OPEC
and tell them to open the spigots?
sinkingfeeling
(51,436 posts)5. Pssst, you're not king of world and you lost the 2016 US Presidential election.