President Donald Trump recently framed the current surge in oil prices as a major financial win for energy-producing states during a rally in Arizona on Wednesday, Common Dreams reports. This statement arrived just hours after new federal data revealed that inflation hit its highest level in months during September.
The President claimed that states like Texas, Oklahoma, and North Dakota are benefiting immensely from the current market environment. “Because of the price of oil, Texas and Oklahoma and North Dakota and all these places, we’re making a fortune,” Trump declared. These regions serve as the base for major fossil fuel companies that have seen windfall profits during the ongoing conflict with Iran.
