In a couple of recent columns, I have highlighted President Trump’s apparent blind spot when it comes to oil prices.
His position would have been understandable a dozen years ago, when net imports of oil into the U.S. had reached 14 million barrels per day (BPD). At just $50 a barrel, that’s over $250 billion a year that was flowing out of the U.S. and into countries like Saudi Arabia, Russia, and Venezuela.
