President Trump, “Oil prices getting lower. Great!”

President Trump, “Oil prices getting lower. Great!”

President Trump, “Oil prices getting lower. Great!”

$USO, $OIL

Wednesday, President Donald Trump Tweeted thanking Saudi Arabia for lower worldwide Crude Oil prices.

“Oil prices getting lower. Great!” President Trump wrote. “Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!”

The Tweet came after the President Tuesday said the US will remain a staunch ally of Saudi Arabia and stressed the importance of financial considerations for American interests in making strategic alliances, telling reporters that “we are not going to give up hundreds of billions of dollars in orders and let Russia, China and everybody else have them. It’s all about, for me, very simple, America First!”

Many critics have pointed out the CIA’s reported conclusion that there is a high probability that the Crown Prince had ordered Mr. Khashoggi’s assassination.

President Trump was already facing bipartisan pressure before his statement of support for the Saudi regime to further punish the Kingdom over dissident Khashoggi’s killing after the White House recently sanctioned 17 Saudis accused of being responsible for the act.

President Trump pushed back on the CIA’s report earlier Tuesday, saying the CIA did not make a firm determination whether the Crown Prince was behind Mr. Khashoggi’s death, which occurred at the Saudi consulate in Istanbul in early October. During his conversation with reporters in front of the White House, President Trump said he needs to approach the situation with a wider view.

“I’m not going to destroy the world economy, and I am not gonna destroy the economy for our country by being foolish with Saudi Arabia,” President Trump said.

“If we abandon Saudi Arabia it would be a terrible mistake.”

To all of our subscribers and readers in the US, have a Happy Thanksgiving Holiday!

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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