President Donald Trump took to his Twitter account Friday morning to go after OPEC for creating oil prices that he calls "artificially very high":"Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! From a policy standpoint, there really is not much Mr. Trump could do to back up his threat that the current situation with crude prices is "no good and will not be accepted!" He could sell off the entire Strategic Petroleum Reserve, and it would have just a momentary - and fairly minor - impact on global crude prices. There really isn't much left for him to do to help generate more supply from his own country.
Source: Forbes April 20, 2018 17:03 UTC