Fact checking Trump's claims that the US oil and gas industry is 'back' and 'expanding.' He's wrong.

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Facts First: President Trump's comments about the health of the US oil sector are highly misleading. The industry remains beset by relatively low prices and weak gasoline demand due to the reduced driving people have done during the coronavirus pandemic.

Washington Last week, President Donald Trump visited Midland, Texas, a region deep in the heart of the West Texas oil patch. Ostensibly there for a fundraising event, Trump gave a speech in which he essentially claimed victory over the crash in oil prices that have throttled much of the US oil and gas industry this year.

"And now we're back," Trump told the audience at Double Eagle Energy,"and now we're just going to keep expanding. ... We did a great job."Trump cast himself in a leading role in the supposed resurgence -- touting the negotiations earlier in the year between OPEC and Russia to cut production and raise prices.As usual in his presidency when it comes to economic matters, Trump is overly optimistic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Beba!

BECAUSE HE DOES NOT PUT HIS OWN GAS IN, OR EVEN DRIVE! WE SEE THE GAS PRICES EVERY DAY!!! HE LIVES IN A WHOLE DIFFERENT REALITY THAN MOST AMERICANS!!

And?

tRumpLiarInChief

Fake news

DaveBautista He's not concerned with the truth. Its not like his base is smart enough to fact check him

7-11 just scooped up Marathon Oil for $21Billion. Sounds like a fire sale to me.

Trump is a liar 🙄, the sooner Americans wake up to the fact he is also a criminal, we might get on the road to fixing our country

So in other words this is CNN trying to convince everyone the industry is irrelevant, so when Biden puts thousands out of work it will be seen as no big deal.

DaveBautista The polluting business is back baby!

💥The socialist media of CNN has ZERO credibility to fact check anyone!!😝

Gas is 3.45 at some stations by me And going up

Reduced driving? Fact check Los Angeles? Hello?

His entire tenure as a highly ineffectual president has been a 💩 show! Is there anything that comes out of his mouth that remotely resembles the actual situation with facts?!!!

O'Biden will end our energy independence, and make our enemies stronger.

CNN, está informando que el Presidente TRUMP es responsable del retroceso económico causado por el CORONAVIRUS. ¿QUE EXTRAÑO, VERDAD?...

just do a twitter poll. BIDEN VS TRUMP. lets see the results... 🤷🏼‍♂️

All your posts about realDonaldTrump are negative, I am sure your are actually making him popular. Smear compaign used to work when there was no social media not now. Change the strategy because here in Africa we know that posts the opposite of truth.

man doesn't know his back from his front these days.

He lied.

ALL HE DOES IS LIE LIE LIE BIDEN2020

Because everything he says is an exaggeration or lie. Truth is not something he is capable of.

What he did this time?

We DONT GIVE A SHIT....what’s up with the national rent crisis

He said something that isn't true. What a shock! 😂

BillClintonIsAPedo

Singapore Singapore Latest News, Singapore Singapore Headlines