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.
In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.
And here he is admitting it.
FLASHBACK: Trump brags about cutting a 2020 deal with Russia & Saudi Arabia to cut oil production to save the oil companies, sending gas prices (+ the price of all things) ⬆️ ⬆️ for 2 years. @mcuban calls it “the root cause of inflation” — why was this not talked about more?🤔 pic.twitter.com/ahhgxdZG6Y
— The Tennessee Holler (@TheTNHoller) December 1, 2024