Just order the Saudis to lower their prices? You’ve got to be kidding me. The only thing that will cause the Saudis to lower their prices is competition.
Drill here, drill now!
Trump is so used to picking up a phone and barking out orders to people who kowtow to his every wish. I don’t think this is going to work with foreign leaders, just because he says so.
His ego is out of control.
You said it. What amuses me about Trump is that he thinks the entire world is run in one board room where we simply need the right man in the board room making the right negotiations for all of us and WHAMMO — all problems solved.
Or, he thinks we are all naive enough to think that. Or, since he inherited a lot of wealth to begin with and was raised in a boardroom — maybe he really believes it. The world, including oil, does not run that simplistically. Oil markets. like everything, are the result of millions of different people making deals in their best interest based on market realities.
Trump supports that, as do most (probably all) of the other Republican candiates-in-waiting.
Who defends Saudi Arabia, militarily? Who props them up? There is some room for quid pro quo.
I support this, but of course it costs more to get oil out of the ground here than Saudi Arabia. It will cost more, but there will be more jobs, too.