It was Trump the first time too, when oil prices went negative after Covid and he colluded with the American Petroleum Institute and OPEC+ (including Russia) to take oil off the market and to cut supply, thus artificially boosting prices because demand stays relatively similar. Effects lasted into Biden's era (inflation as well as gas prices).
By the way he's running the same play again, Russia is no longer on-board since Iran/Ukraine so he took out Venezuela and Iran which also spilled onto the rest of the Middle East production, and once again, Chevron, Exxon, etc., are at record highs.
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