Donald Trump, President of the United States, has said, America has oil in more quantity than the two (2) economies with the largest oil “combined”.
The US President revealed on Truth Social, oil tankers in “massive numbers” that are “completely empty” are now heading to the United States (US) to purchase the “”sweetest”” oil.
He said, America has the “best” oil anywhere around the world.
President Trump posted: “Massive numbers of completely empty oil tankers, some of the largest anywhere in the World, are heading, right now, to the United States to load up with the best and “sweetest” oil (and gas!) anywhere in the World.
“We have more oil than the next two largest oil economies combined – and higher quality.”
Also, Trump has made known, his administration is “ready” to use America’s “Economic Might” to bolster the economy of Hungary if the Hungarians “ever need it”.
President Trump posted on Truth Social: “My Administration stands ready to use the full Economic Might of the United States to strengthen Hungary’s Economy, as we have done for our Great Allies in the past, if Prime Minister Viktor Orbán and the Hungarian People ever need it.”
Since the closure of the Strait of Hormuz, crude oil duties have spiked.
According to Reuters:
U.S. oil now trades at a premium to the global benchmark, Brent . U.S. crude oil settled at $96.57 a barrel on Friday, while Brent was at $95.20.
