Energy & Climate
Energy analyst claims Trump's tariff chaos enabled by oil market price manipulation
Mario Nawfal Interviews
OIL SURGES 4% AS US-IRAN STRIKES TARGET HORMUZ – w/ Economist Philip Pilkington
What was said
"I think Trump is doing all this madness because he's been convinced that the oil markets are under control. I think that's actually what's going on. I think the oil market manipulation is becoming the main story in the whole thing, because why else do this, right? I think the administration's become convinced that they can actually print oil. It's kind of a remarkable, remarkable moment in human history, but they're going to find out very, very quickly that they can't print oil."
Energy analyst Philip Pilkington argues the Trump administration has been emboldened to pursue aggressive tariff and foreign policy because they believe oil prices are successfully being suppressed through market manipulation. He claims this apparent success has convinced officials they can control energy markets indefinitely, despite warning signs including widening crack spreads and refinery bottlenecks that are keeping pump prices high even as WTI appears stable.
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Attributed speaker claim
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- Programme
- Mario Nawfal Interviews
- Episode
- OIL SURGES 4% AS US-IRAN STRIKES TARGET HORMUZ – w/ Economist Philip Pilkington
- Clip time
- 0:46
- Original source
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Mario Nawfal Interviews