Donald Trump’s claims about Russia benefiting from rising global oil prices

Former US President Donald Trump has said that Russia is making a lot of Money because Global oil Prices are going up. He Pointed out that when he was in Charge America didn’t have the Economic Problems it has now. This Statement came Right after a judge in New York Ruled that Trump had Exaggerated the Value of his Assets to make his Business look better than it actually was.

This Ruling could hurt Trump’s Businesses a lot and maybe even Cause them to Fail. The judge also took away Licenses from the Trump Organization and other Companies owned by Trump and his two adult Sons Eric and Donald Trump Jr. Trump’s former lawyer, Michael Cohen, said that this Legal Decision has already Hurt Trump’s Businesses. Trump made these Comments during a Speech at a Car Parts Company near Detroit where he Criticized President Joe Biden’s Plans for Electric Cars and Clean Energy. He said these Plans would Hurt the American Car industry. He also gave a serious warning, saying that moving to electric cars would lead to job losses at big American car companies and could even put them out of business.

He said, “For auto workers, Biden’s transition to electric is a transition to hell—a transition to unemployment.” Trump Claimed that when he was in Charge the US didn’t Depend on other Countries for Energy as much as it does now. He said that today the US is asking other Countries to give it Gasoline. He’s worried that Something bad is Happening to the Country. According to Trump, Russia under its Leader Vladimir Putin is making a lot of Money because Oil Prices are going up.

Read more..Donald Trump Declines Republican Presidential Debates Citing Popularity

Oil prices have gone up by 30% since June because a Group of oil-Producing Countries including Russia Reduced how much Oil they were Selling. Oil prices in the World Market Reached their Highest Point in over a Year. The Price of a type of Oil Called Brent went Past $97 a Barrel and another type Called US West Texas Intermediate went up to $95 per Barrel which is the most it’s been Since August 2022.

Read more..Donald Trump’s Busy Year in 2024: What’s Going On?

Trump’s Comments Highlight the Big Challenges the United States is Facing when it Comes to Energy and the Economy. The Situation is Quite Complicated and there are Different Opinions about what should be Done