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Liam Denning

Trump’s OPEC Tweets Mix Fear and Delusion

It’s not a monopoly, and he’s as much to blame for high prices as anybody.

President Donald Trump.

President Donald Trump.

Photographer: Paul J. Richards/AFP/Getty Images

There is a lot to unpack in President Donald Trump’s latest missive on the complex subject of oil prices and restrictive commodity agreements:

First, there’s the timing. I’m loath to read the president’s Twitter habits like the entrails of some unfortunate creature. But it sure feels like he gets antsy about oil when prices move up sharply, especially in the vicinity of $75 – $80 a barrel: