Trump's Tweets Revealed Ideal Oil Price Range 40-50 Dollars

Goldman Sachs has conducted an internal analysis of Donald Trump's social media posts related to oil, revealing that his ideal oil price range was between 40 and 50 dollars per barrel. This analysis, led by Daan Struyven and other analysts, examined nearly 900 tweets from Trump that focused on oil and the U.S.'s energy dominance. The findings suggest that Trump's preference for oil prices in this range was evident in his social media activity, as he tended to post less about oil prices when they were within this bracket.

Trump's tweets often had a significant impact on global oil markets, influencing the prices of both Brent and WTI crude oil. His posts covered a wide range of topics, including OPEC production levels, U.S. gasoline prices, and sanctions against countries like Iran. The Trump administration consistently aimed to boost domestic oil production while keeping energy prices low to control inflation.

The analysis shows that when WTI prices exceeded 50 dollars per barrel, Trump would typically call for lower prices or welcome a price drop. Conversely, when oil prices were very low, particularly below 30 dollars per barrel, he would support a price increase to safeguard the U.S. shale oil industry. This strategy reflects Trump's efforts to balance the needs of the U.S. economy with those of the shale oil industry, which is a crucial part of the country's energy sector.

Trump's approach to oil prices was driven by a desire to maintain a stable economic environment. High oil prices can increase costs for consumers and businesses, potentially slowing economic growth. Conversely, very low oil prices can threaten the profitability of the shale oil industry, which is vital for U.S. energy production. By advocating for an oil price range of 40 to 50 dollars per barrel, Trump sought to achieve a balance that supported both economic stability and the energy sector.

This analysis provides valuable insights into Trump's economic policies and his methods for managing the oil market. It highlights the role of social media in shaping public opinion and influencing policy decisions. Trump's tweets often had a direct impact on market sentiment and policy directions, making his social media activity a key tool in his economic strategy. The revelation of his ideal oil price range offers a deeper understanding of his approach to economic management and his influence on the global oil market.