With international oil prices soaring following this weekend’s attack in Saudi Arabia, which reportedly crippled half of its oil-production capacity, President Trump sent a tweet Monday morning to try and reassure markets that the US is now energy independent and doesn’t need crude from the Middle East in what looks like an attempt to send prices lower.
“Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!
The takeaway from the tweet is that Trump’s threatening posture toward Iran, which Washington has blamed from the attack, is simply an example of the US standing up for Saudi Arabia since its a critical regional ally. The US’s energy supplies are not being threatened.