Exxon, others meet Trump over brutal oil price drops; Ted Cruz says Saudi Arabia has been 'screwing
Exxon, others meet Trump over brutal oil price drops; Ted Cruz says Saudi Arabia has been screwing Texas
WASHINGTON Executives from Irving-based Exxon Mobil and other top energy companies met on Friday with President Donald Trump to discuss the devastating drop in oil prices caused by the coronavirus pandemic and a price war between Saudi Arabia and Russia.
With energy states like Texas facing severe pain, Trump vowed that well get our energy business back.
Im with you 1000%, he told the gathered round table during the portion of the meeting seen by the press. Its a great business. Its a very vital business and, honestly, youve been very fair. Youve kept energy prices reasonable for a long period of time.
U.S. officials have sought to ease the problem, at least as it relates to the clash between Saudi Arabia and Russia. Trump on Thursday even caused a record percentage increase in oil prices by taking to Twitter to tease the prospect of a truce between the two countries.
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