President Trump focused on his own agenda of keeping oil prices low and building oil and gas infrastructure in the United States–not confronting Iran.
President Trump weighed in on this weekend’s attacks on Saudi oil infrastructure on Sunday night.have blamed that country for the attacks. Instead, President Trump focused on his own agenda–keeping oil prices low and building oil and gas infrastructure in the United States.
Authorizing a release from the U.S. Strategic Petroleum Reserve should help calm oil markets and gasoline prices, although it is unlikely that there will be any need for the SPR to put additional barrels on the market. Expediting the approval process for pipelines in U.S. oil producing regions won’t improve the situation at hand and it probably wouldn’t make a difference to a similar situation in the future.
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