This is exactly what the Saudis have been waiting for. And it looks like the Obama White House will hand it to them on a silver platter.
If Donald Trump were President I would advise him to have banks restructure debt for the O & G Companies, put in a floor price for oil imported into the US, say between $35 and $40 per bbl, negotiate massive LNG deals with South Korea, other Asian nations, and Europe.
With America exporting excess natural gas in liquid form (LNG) and exporting excess oil, the economy would be greatly boosted for decades to come, millions (no exaggeration) of well-paying secure and stable jobs would be created, and domestic gas prices could hover around $1.50 per gallon giving a further boost to the economy.
I would also suggest to President Trump to ***delete*** electronically the treasury debt arising from domestic Fed monetization (foreign debt would continue to be serviced) which accounts now for more than 70% of the treasury debt IN EXCHANGE for a BBA, and to have the BBA budgets set on a glide path to save Social Security.
Interest rates could then rise naturally so that savers, pension funds and shareholder bonds would all see a real return on capital.
The downside would be the demolition of the carry trade in the bond markets, but no one would care much except hedge funds and bond traders. They’ve pigged out at the money trough for so long now that they are due for a downsizing. The benefit to society would be at the expense of these persons who make hundreds of millions every year virtually tax-free. I see nothing wrong in that.
What other unconstitutional acts would you suggest he put in his five year plan?