The Saudi Arabian monarchy would fall "within two weeks" if it wasn't for the military support that the United States has provided to the Gulf kingdom over the decades, Donald Trump noted in graceless remarks to the King. "You have to pay for your military'". Trump discussed with King Salman efforts to maintain supplies to ensure oil market stability as crude prices are rising. You might not be there for two weeks without us.
Despite the harsh words, the Trump administration has had a close relationship with Saudi Arabia, which it views as a bulwark against Iran's ambitions in the region.
Trump made the remarks about the close USA ally during a campaign rally in MS on Tuesday, drawing applause from supporters.
"Iran is the main supportive factor and is a test to the spare capacity of Saudi Arabia", said Petromatrix analyst Olivier Jakob. "You have to pay for your military, you have to pay.'" Whether or not he actually said this to the King is questionable, but the fact that he appears to be insulting the Saudi monarchy in public offers more evidence that he wants them to lower oil prices from today's highs.
National League Wild Card Game: Rockies vs Cubs
In a surprising twist, Nats manager Davey Martinez revealed after the Saturday's game that Erick Fedde will start on Sunday. The MLB regular season has come to an end; unless you're a fan of the Rockies, the Dodgers, the Brewers or the Cubs.
Oil traded below a four-year high on Wednesday as top exporter Saudi Arabia said it increased output to near a record high and after Reuters reported that Russian Federation and Saudi Arabia had struck a private deal in September to pump more.
Riyadh, which is the world's top oil exporter and the largest OPEC producer, has been criticized by Trump for high petroleum prices. Since the kingdom rebuffed his calls last month for a rapid production increase to offset the impact of sanctions on Iran, the president has amplified his rhetoric.
Meanwhile, U.S. gasoline prices are up ahead of November midterm elections in which Trump already faces political headwinds. Trump said, in his -N General Assembly speech in NY last month, that OPEC members were ripping off the rest of the world. "We defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices". A barrel of oil now costs about $75, continuing a steady increase over the past year.
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