Trump Forced by Oil War Into Unthinkable Push for Higher Prices

  • Energy politics reshaped by unusual U.S. call to reduce output
  • American interests now align more with Saudi Arabia and Russia
U.S. Oil Services Industry Will Be 'Crushed' Without Cuts, Parsley CEO Says
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Donald Trump is trying to do something no U.S. president has dared to do in decades: Drive up the price of oil.

For more than three decades, U.S. presidents proclaimed cheap fuel as an almost God-given right for American motorists and homeowners, shaping the country’s foreign policy in pursuit of lower prices. As president, Trump didn’t just back cheap crude, he was its biggest supporter, frequently attacking OPEC and celebrating the shale boom’s deliverance of “energy dominance.”