This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/583698-russia-oil-prices-fortune-trump/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Russia ‘making a fortune’ – Trump | Russia ‘making a fortune’ – Trump |
| (32 minutes later) | |
| Moscow is benefitting from high oil prices, the former US president has said | |
| Soaring energy prices have boosted Russia’s revenues, while the US is facing major economic threats due to its transition to clean energy, former President Donald Trump claimed on Wednesday. | Soaring energy prices have boosted Russia’s revenues, while the US is facing major economic threats due to its transition to clean energy, former President Donald Trump claimed on Wednesday. |
| Addressing supporters at Drake Enterprises, a non-union auto parts manufacturer near Detroit, Trump condemned the administration of President Joe Biden for its policies on electric vehicles (EV) and clean energy, branding them a danger to the US auto industry. The shift to EV will kill jobs at America’s biggest carmakers and eventually make them obsolete, Trump warned. | Addressing supporters at Drake Enterprises, a non-union auto parts manufacturer near Detroit, Trump condemned the administration of President Joe Biden for its policies on electric vehicles (EV) and clean energy, branding them a danger to the US auto industry. The shift to EV will kill jobs at America’s biggest carmakers and eventually make them obsolete, Trump warned. |
| “For auto workers, Biden’s transition to electric is a transition to hell,” the former president declared. “A transition to unemployment.” | “For auto workers, Biden’s transition to electric is a transition to hell,” the former president declared. “A transition to unemployment.” |
| According to Trump, the US was “more energy-independent” than Russia and China during his tenure as president, while now “we are begging countries to give us gasoline.” | According to Trump, the US was “more energy-independent” than Russia and China during his tenure as president, while now “we are begging countries to give us gasoline.” |
| “We are going to lose our country,” Trump warned, arguing that Moscow has “made a fortune” and continues to benefit from high oil prices. | “We are going to lose our country,” Trump warned, arguing that Moscow has “made a fortune” and continues to benefit from high oil prices. |
| Global oil prices have surged by 30% since June after voluntary production cuts by OPEC and allies led by Russia. On Thursday, prices reached their highest level in over a year, with benchmark Brent rising above $97 a barrel. US West Texas Intermediate futures touched $95 per barrel, marking the highest price since August 2022. | Global oil prices have surged by 30% since June after voluntary production cuts by OPEC and allies led by Russia. On Thursday, prices reached their highest level in over a year, with benchmark Brent rising above $97 a barrel. US West Texas Intermediate futures touched $95 per barrel, marking the highest price since August 2022. |
| Experts predict that prices will remain high for the rest of the year. | Experts predict that prices will remain high for the rest of the year. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |