Unless Donald T. wants “global law” (shiver) the oil cartels are something that the world has to put up with. What the US can do is drill, baby, drill.
The US buys three times as much oil from Canada and Mexico as it does from Saudi Arabia. The price manipulation is more complex than just OPEC.
I disagree and probably the only part of Trump's rant I concur with.
The US and Western World could have stomped OPEC a long time ago...if it wanted to...at least in the beginning, when we had--and could have--exerted pressure.
Even now, if we had a Congress/Addministration with some stones, we could pass legislation that read: Henceforth, until OPEC is disbanded, any country who is a member, will receive 0 Foreign Aid or any other kind of assistance from us.
Putting on tinfoil hat: I would wager that there has been mucho under-the-table payoffs to certain influential Americans (both within and outside government) to NOT completely develop all of our resources--and in fact oppose at every turn efforts to do so (and that includes both Demo-Rats and Republi-Tards) that one can not simply look to the Enviro-Nuts as the sole obstacle for this policy.
Name me one elected Republican in the past 40 years who has moved vociferously and forcefully to explore and develop all of our natural energy resources....wherever?
In one way, Trump may be right in that if the entire Midlle East ends up one big Islamic-Republic zone, that could impact OPEC's influence, though I doubt it would destroy its overall structure and power.
And if as expected, the price of oil jumps to $150/bl or higher, that might just give impetus to the "Drill here, drill now" folks and Congress and Dear Leader will be hard pressed to oppose this.