Trump says US doesn't need Middle East oil or gas


Washington, Sep 17 (IANS): President Donald Trump said Monday that the US does not need oil or gas from the Middle East, as his government awaited information from Saudi Arabia about the attacks on that country's refineries.

"Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter," Trump said on Twitter, the Efe news reported.

"We are...now the Number One Energy Producer in the World," he added. "We don't need Middle Eastern Oil & Gas, & in fact have very few tankers there."

"But will help our Allies!" he said.

On Sunday, Trump tweeted that the US is "locked and loaded" to respond to the attack on the Saudi refineries.

"Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!" Trump tweeted.

Last Saturday two petroleum refineries of the Saudi state petroleum and gas company Aramco, so important for supplying the world with crude, was attacked with 10 drones that caused an almost 50 per cent loss of its production.

On Sunday, Trump authorised the release of oil from the US strategic reserve, if such a move should be necessary to ensure the global supply, reduced significantly by the recent attacks on Saudi refineries.

"Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorised the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied," Trump wrote.

The Energy Department had already said in a statement that the US "stands ready" to take such measures in reply to what happened in Saudi Arabia.

The Houthi rebels of Yemen claimed responsibility for the attacks, with support from Iran - but on Saturday US Secretary of State Mike Pompeo directly blamed the Islamic Republic (IS).

Faced with the possible economic impact of the damage done, Washington began coordinating with the International Energy Agency (IEA), an organisation created after the oil crisis of 1973, to study "potential available options for collective global action if needed," the US Energy Department said.

That department controls the US Strategic Petroleum Reserve (SPR), which stores the largest supply of crude for emergencies in the world.

That petroleum reserve, property of the US government, is located in enormous underground caverns on the coast of the Gulf of Mexico, specifically in the states of Texas and Louisiana.

That reserve was created in 1975 after the Arab embargo that raised oil prices and hurt the US economy. Its purpose is to avoid future interruptions of the crude supply and serve as "a key tool of foreign policy," according to the Energy Department.

The US currently has stored 630 million barrels of crude to be used in case of emergency, said a high government official who asked to remain anonymous.

  

Top Stories

Comment on this article

  • I wish I was There, Bahrain

    Tue, Sep 17 2019

    President Donald Trump is the most ‘entertaining’ president of the world.

    DisAgree [1] Agree [3] Reply Report Abuse

  • SMs, Kundapura

    Tue, Sep 17 2019

    Your days are numbered

    DisAgree [3] Agree [2] Reply Report Abuse

  • Alphonse Rodrigues, Udupi

    Tue, Sep 17 2019

    "We are...now the Number One Energy Producer in the World," he added.
    We don't need Middle Eastern Oil & Gas - President John Trump.
    A sever blow to oil producing countries.
    Crude Oil prices were $140 in the year 2008-2012.
    George W. Bush and Obama informed KSA to reduce prices of crude oil.
    In fact the Oil Minister of KSA said we have incinerated crude oil production.
    However we are helpless due to volatile market situation.
    Today all the Oil producing countries economy has dwindled.
    India's Economy is collapsed because of un-educated people are ruling the country.
    Man made disaster - Economy failure.
    Do we need a man of 56"chest to destroy the economy?

    DisAgree [2] Agree [18] Reply Report Abuse

  • Arthur, Mangalore

    Tue, Sep 17 2019

    Trump is trying to distance himself from the foolish decision to declare economic war on Iran. He does not want Americans to blame him for higher petrol prices. He backed Iran into a corner at the behest of Netanyahu/Israel. Now Iran has backed him into a corner.

    DisAgree [8] Agree [3] Reply Report Abuse


Leave a Comment

Title: Trump says US doesn't need Middle East oil or gas



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.