Trump learned from Biden’s mistakes: Never underestimate Saudi Arabia
When it comes to energy, President Trump is playing chess, not checkers. Former President Joe Biden wasn’t even playing tic-tac-toe.
Consider: Why are U.S. officials traveling to Saudi Arabia to negotiate peace between Ukraine and Russia? Why not more traditional diplomatic venues like Geneva or Vienna?
Because Trump knows that Saudi Arabia is critical to lowering oil prices and pressuring Russia to come to the bargaining table. He also knows that Mohammed bin Salman, the Saudi crown prince, craves acceptance as a global leader and that hosting these high-level meetings helps him achieve that end.
Biden had spurned bin Salman, promising in 2019 to make him "a pariah." Trump won’t be making that mistake.
Gasoline prices are down 11 percent from a year ago, providing welcome relief to Americans worried about inflation and a boost for the Trump White House. Trump campaigned on lowering energy prices; nothing could be more important to the success of this administration. Biden’s approval ratings were clobbered when gasoline prices breached $5 per gallon in 2022; for Trump, the stakes are equally high.
Gasoline prices are lower because crude oil is hovering around $67 per barrel, down from $84 a year ago. Why the drop? There are numerous factors, but the most important is that OPEC , for the first time since 2022, has
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