Cheap Oil Is Double-Edged Sword for Trump ...Middle East

One of the campaign promises of President Donald Trump was to secure affordable energy for Americans. Even at the time, this promise put him at odds with the oil industry, already suffering from low oil prices. Now, the rift has deepened as the prospect of cheap Venezuelan crude pressures everyone but Big Oil. Thankfully for the industry, geopolitics still plays a role in price-setting. It’s good news for oil producers and bad news for consumers. Almost every oil market forecaster predicted prices would go even lower this year than they were…

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