Saudi Arabia and OPEC (the Organization of Petroleum Exporting Companies) and U.S. President Donald Trump don’t exactly see eye to eye, and the rivalry is ramping up…
In a tweet yesterday, Trump accused OPEC of artificially limiting supply.
Despite the browbeating, the oil conglomerate doesn’t seem to be budging on oil prices.
That’s because there’s more to the conflict between Trump and OPEC right now than meets the eye, according to Money Morning Global Energy Strategist Dr. Kent Moors.
Moors unpacked the rivalry in a live television appearance yesterday, where he also told viewers the true drivers of oil prices right now – and where the price of oil is likely to go next:
100 New Millionaires a Month, Every Single Month, for the Next 11 Years
Much is still unknown about this treasure, including what it was doing there in the first place.
What we do know is this: The U.S. Geological Survey has unearthed a historic, $1.4 trillion treasure trove in a remote and uninhabitable area of the Chihuahuan Desert.
But even though the U.S. government first located this treasure, help is now needed to get it out of the ground.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.