Trump: Obama Has Deal With Saudis to Cut Oil Prices Before Election

You don’t become this successful in business without being able to look several steps ahead.

I recall seeing an Obama surrogate recently say (with a smirk) that prices would not be staying so high. I knew at the time he was hinting he knew something was up. This is likely is. If anyone else saw that surrogate (can’t recall who it was) and can let me know I’d appreciate it.

By Dan Weil, NewsMax Friday, 06 Apr 2012 12:45 PM

After the election, the oil market is going to be a mess, Trump says.

“If he [Obama] wins, oil and gasoline shoot through the roof like never before. Let’s hope he doesn’t win. I believe a deal was made. It’s a sinister deal, but let’s see whether or not I was right.”

Trump also criticizes Obama for producing four years of $1 trillion budget deficits. “He should be ashamed of himself,” Trump says.

Some experts say gasoline prices will rise further before the election.

“Gasoline inventory is still going down, and that’s the important thing for the American consumer,” Carl Larry, president of Oil Outlooks and Opinions, tells TheStreet.com. “Gasoline is not going to get cheaper.”

Read more: Trump: Obama Has Deal With Saudis to Cut Oil Prices Before Election

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