President-elect Donald Trump hasn’t even started his first term in office, and Saudi Arabia is already scared at the threat his presidency presents for the oil producing kingdom.
While campaigning for the White House, Trump vowed to make the US energy sector independent from “our foes and the oil cartels” as our nation works to create “complete American energy independence.”
On Wednesday, Saudi Arabia’s oil minister Khalid Al-Falih shot back at Trump’s past rhetoric, and said in an interview that “at his heart President-elect Trump will see the benefits [of Saudi oil imports] and I think the oil industry will also be advising him accordingly that blocking trade in any product is not healthy.”
“The U.S. is sort of the flag-bearer for capitalism and free markets,” Al-Falih added. “The U.S. continues to be a very important part of a global industry that is interconnected, that is dealing with a fungible commodity which is crude oil. So having equalization through free trade is very healthy for oil,” he said.
Al-Falish also said that the Saudis are waiting for Trump’s presidency, as his presidential campaign had amounted to “50,000 feet announcements” that may change.
“Without us, Saudi Arabia wouldn’t exist for very long,” Trump told The New York Times in March.
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