Making the U.S. More Resilient to Oil Price Shocks
Donald Trump
The oil shock triggered by the crisis in the Persian Gulf has pushed crude above $100 per barrel, reviving familiar fears of economic turmoil in the United States driven by surging gasoline and diesel prices. Political leaders have long lamented high oil prices, yet President Donald Trump celebrated the price spike last week, arguing that the “United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money.” His embrace of higher oil prices marks
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