Analysis: Trump's incredible 180 on OPEC, oil and free markets [CNNMoney.com]
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Source: CNNMoney.com
Trump's incredible 180 on OPEC, oil and free markets New York (CNN Business) President Donald Trump has long cast OPEC as an evil force ripping Americans off by not pumping enough oil. Now he's pleading with Saudi Arabia and Russia to stop pumping so much oil. In the past, Trump has called OPEC a "monopoly" ( it's not ) that must be broken up. "They are robbing our country blind," he tweeted in November 2012. Since winning the presidency, Trump has repeatedly hammered OPEC for engineering higher oil prices to hurt American drivers. Donald Trump cannot win reelection without Texas. It's as simple as that." Greg Valliere, chief US policy strategist at AGF Investments "OPEC, please relax and take it easy. World cannot take a price hike -- fragile!" the president tweeted in February 2019. Flash forward to 2020: Instead of slamming OPEC for artificially restraining production, Trump is urging the cartel to do just that. Read More And rather than call
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