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Trump Accuses OPEC Of Artificially Pumping Up Oil Prices

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President Donald Trump accused the Organization of the Petroleum Exporting Countries Friday of artificially inflating oil prices. Looks like OPEC is at it again. With…
President Donald Trump accused the Organization of the Petroleum Exporting Countries Friday of artificially inflating oil prices.
Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!
— Donald J. Trump (@realDonaldTrump) April 20,2018
Trump’s tweet came as the price of oil sits at a three year high of $69 a barrel. CNBC noted that Trump is “likely referring to OPEC’s production level agreement with Russia and other producers put in place last year.”
The agreement is set to expire at the end of the year.
Trump has long railed against OPEC before taking office saying:
$5 a gallon gas and we have yet to approve the Keystone XL Pipeline. OPEC is laughing at us.
— Donald J. Trump (@realDonaldTrump) February 19,2013
Do we still want a President who bows to the Saudis and lets OPEC rip us off? Make America strong, vote for @MittRomney .
— Donald J. Trump (@realDonaldTrump) November 6,2012
As I predicted 1 year ago, gasoline prices hit a record high today… OPEC is having a ball at our expense.
— Donald J. Trump (@realDonaldTrump) September 2,2012

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