Quote:
Originally Posted by scottw
^^^who said this?
markets react to policy, which is something POTUS can control...POTUS can also release oil from our strategic reserves which will affect the market .....or beg Saudi's and Venezuelans to increase production, which will affect the market...could probably think of some other things.....
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Trump demanded that Saudi Arabia cut back production back in 2020. According to Trump, he worked out a deal where OPEC producers would all agree to reduce their output. The reason we now have high oil prices is that they have not returned their production to pre-pandemic levels. Hey, by the media’s standards of what makes a politician responsible for an event in the world, this is practically airtight.
It’s more than a bit bizarre that Donald Trump literally boasted about getting oil producers to cut production, but somehow President Biden is held responsible for high gas prices.
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