As Saudi Arabia and Russia manipulate the market, hundreds of thousands of Americans are unemployed and wells are shut in: Opposing view
President Donald Trump’s intervention to boost global oil prices was the right move to counter market manipulation by Saudi Arabia and Russia at a time when America faces economic fallout from the COVID-19 pandemic and an energy crisis exacerbated by the unprecedented loss of demand.
Our dominance in energy has created historically low energy and gasoline prices for most Americans and we should see more of that, even as global energy prices rise in response to the oil price deal the president helped broker.Consumer Energy Alliance always supports affordable, reliable energy, but no one benefits when prices are so low that hundreds of thousands of workers are unemployed and wells are shut in.
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