The ‘Oil Grand Bargain’ Isn’t Mere Fantasy
Bloomberg reports that thinking the unthinkable is useful, especially when the global oil market’s three kings are involved.
Listen to US President Donald Trump and it’s inescapable that he favors low energy prices. “Bring down the cost of oil,” he told OPEC+ last month. “You gotta bring down the oil price,” he added a day later. Yet behind the bravado, America has more in common with Saudi Arabia and Russia than the cheap-energy discourse suggests. The US today... ...
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