Trump Demands Oil Prices Be Kept Low and Production Increased

Former U.S. President Donald Trump issued a statement declaring that rising global oil prices are unacceptable. In a post on his Truth Social account, he urged market participants to prevent price increases, emphasizing that this “plays into the hands of the enemy.” According to him, keeping prices low aligns with national interests and should be a priority for the industry.

Trump also addressed the U.S. Department of Energy with a forceful call to boost domestic oil production. “DRILL, BABY, DRILL!!!” he wrote, demanding immediate action. The statement stressed that the U.S. has the resources and capabilities to increase output, which would reduce dependency on foreign imports and help stabilize domestic prices.

Commenting on the situation, Trump said rising oil prices pressure the U.S. economy, increase inflation, and harm consumers. He voiced concerns about the impact of high prices on national energy security and warned of the growing influence of U.S. competitors, including those he labels “America’s enemies.”

The statement sparked significant reaction in business and political circles. Energy sector representatives have so far refrained from official comments, but analysts note that Trump’s remarks could affect short-term market expectations. Experts also warn that abrupt interference in pricing could create instability and uncertainty among producers.

Amid fluctuations in oil markets, the issue of regulating production and pricing remains central in American politics. While the U.S. continues to maintain high levels of oil output, drilling activity has slowed in some regions due to price volatility and supply chain disruptions. The Department of Energy has not yet officially responded to Trump’s statement.

Trump has repeatedly emphasized the need for U.S. energy independence and has advocated for the expansion of shale and traditional oil production. His latest comments are seen as a continuation of this agenda aimed at lowering prices and strengthening the country’s domestic energy base. A response to his demand is expected soon.

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