You may not have noticed in between the barrage of other things POTUS said yesterday, but at a certain point, the US President told the world that he thought the oil price (which is nearing $70 per barrel again) was getting ‘too high’.
Mr Trump’s tweet read : ‘Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!’
In response, oil prices dropped about 3% in a matter of minutes.
The MSM (Forbes, The Financial Times, MSNBC, Democratic pundits on social media, etc.) responded by asking whether a lower oil price was really a good thing for the economy.
Please explain to Forbes that not everyone is living in a city and gets driven around by an Uber.