Sputnik International By Oleg Burunov
During his presidential campaign, Donald Trump vowed to tap oil reserves in order to cut energy costs and raise more money from the oil industry.
Putting oil prices down by OPEC means more production in the market, which could benefit the US, Marc Ayoub, a Lebanese energy policy researcher and non-resident fellow at the Tahir Institute for Middle East Policy, told Sputnik.
After entering office, new US President Donald Trump stressed that his administration will prioritize oil extraction in line with the “drill, baby, drill” formula, one of the key factors in Trump’s policy.
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