Liam Denning, Columnist

Trump and MBS Reveal What Energy Dominance Really Entails

The U.S. may not rule the oil market, but it can certainly help destabilize it.

November 21, 2018 at 4:41 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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Photographer: Mandel Ngan/AFP/Getty Images

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As millions of his fellow citizens began easing into Thanksgiving, President Donald Trump was tweeting about oil again early on Wednesday morning.

While it constitutes a capital offense in oil-trading circles, the president mixing up West Texas Intermediate and Brent crude oil prices there is a mere trifle. Meanwhile, Texas and North Dakota may beg to differ somewhat on the effective-tax-cut thing.