– I have a plan for everything, okay? (…) You will be very pleased – he reassured in a telephone conversation on Monday.
What are the details of Donald Trump's oil price plan?
What does Donald Trump say about rising oil prices?
What options does Donald Trump have regarding oil prices?
Why is the White House afraid of rising oil prices?
Trump did not reveal the details of his plan, but, as the newspaper noted, he has many options to choose from. Maybe, among others reach for oil from national strategic reserves, as previously called for by Senate Democratic leader Chuck Schumer.
According to Reuters, the president is expected to consider various solutions to curb price increases on Monday. The White House fears that rising prices will hurt U.S. businesses and consumers, which could affect the Republican results in the congressional midterm elections scheduled for this fall.
The day before, commenting on oil prices exceeding $100 a barrel, Trump declared that more expensive crude oil in the short term was a very small price to pay for security and only fools would think otherwise. The administration argues that the price drop is a matter of “weeks, not months.”
