So Trump insisted with OPEC+ (including Vladimir Putin’s Russia) that they do their effing job and put prices back up to forestall a collapse of the US petroleum industry.

When oil prices began falling in March, Trump was pleased, and said that cheaper gasoline would be good for the consumer. But once the oil state senators began phoning him angrily, Trump all of a sudden became very support of OPEC, and, indeed, insisted that they swing into action to support higher prices.

So Trump sided with US Big Oil against the consumers. What a surprise.

But it was all for naught. Even after the OPEC deal, oil prices are soft, and there isn’t an early prospect of oil prices rising much.

via Trump threatened to pull US Security Umbrella from Saudi if it didn’t raise Oil Prices to Help US Frackers