{"id":52839,"date":"2020-04-29T07:27:07","date_gmt":"2020-04-29T12:27:07","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52839"},"modified":"2020-04-29T07:55:47","modified_gmt":"2020-04-29T12:55:47","slug":"52839","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52839","title":{"rendered":"Trump Could Use \u2018Nuclear Option\u2019 To Make Saudi Arabia Pay For Oil War"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/Trump-Could-Use-Nuclear-Option-To-Make-Saudi-Arabia-Pay-For-Oil-War.html\">Trump Could Use \u2018Nuclear Option\u2019 To Make Saudi Arabia Pay For Oil War<\/a><\/h3>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/718x300\/2020-04-27_sx6mw3ayzn.jpg\" alt=\"US Saudi flags\"><\/p>\n\n\n\n<p>President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry<\/p>\n\n\n\n<p>With last month having seen the indignity of the principal U.S. oil benchmark, West Texas Intermediate (WTI), having fallen into negative pricing territory, U.S. President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war that it started, according to senior figures close to the Presidential Administration spoken to by&nbsp;<em>OilPrice.com<\/em>&nbsp;last week. It is not just the likelihood that exactly the same price action will occur to each front-month WTI futures contract just before expiry until major new oil production cuts come from OPEC+ that incenses the U.S. nor the economic damage that is being done to its shale oil sector but also it is the fact that Saudi is widely seen in Washington as having betrayed the long-standing relationship between the two countries. Right now, many senior members on Trump\u2019s closest advisory circle want the Saudis to pay for its actions, in every way, OilPrice.com understands.<\/p>\n\n\n\n<p>This relationship was established in 1945 between the U.S. President Franklin D. Roosevelt and the Saudi King at the time, Abdulaziz, on board the U.S. Navy cruiser Quincy in the Great Bitter Lake segment of the Suez Canal and has defined the relationship between the two countries ever since. As analysed in depth in my&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.amazon.co.uk\/gp\/product\/1912741024\" target=\"_blank\">new book on the global oil markets<\/a>, the deal that was struck between the two men at that time was that the U.S. would receive all of the oil supplies it needed for as long as Saudi Arabia had oil in place, in return for which the U.S. would guarantee the security of the ruling House of Saud. <\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Could Use \u2018Nuclear Option\u2019 To Make Saudi Arabia Pay For Oil War President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry With last month having seen the indignity of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[27259,588,701,827],"class_list":["post-52839","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-franklin-d-roosevelt-2","tag-oil","tag-saudi-arabia","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52839"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52839\/revisions"}],"predecessor-version":[{"id":52849,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52839\/revisions\/52849"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}