, Columnist
Trump’s Tweet Makes OPEC Cuts Even More Likely
Oil exporters have to show they won’t be pushed around in their own market.
TFW OPEC won’t do what you want it to.
Photographer: Robyn Beck/AFP/Getty Images
This article is for subscribers only.
Typical. You go to the trouble of organizing a big get-together in Abu Dhabi to help shore up oil prices, complete with press conferences and the usual nod-and-a-wink guidance. And what happens? President Donald Trump rebuts it with a tweet.
There are several noteworthy aspects to this latest official communication from the White House. It rather contradicts itself: If supply is ample enough that prices ought to be much lower than they are, then what’s the problem? Still, I’m guessing this isn’t the first time you’ve read a tweet (by Trump or anyone else) with leaky logic.