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OPEC

Posted by Donald J. Trump on 7/6/2009 at 12:16 PM
Posted in Personal Finance

Blog Image Last week I spoke with Greta Van Susteren on Fox News, and we covered topics that included the economy, President Obama, the banks, health care, and OPEC. OPEC deserves our attention because it’s a situation that is too often overlooked, and it has had serious impact on our country and our economy.

OPEC openly laughs at the stupidity of our country as they raise oil prices. They are draining and sucking the life blood out of this country. They like to blame it on speculators. The speculators are peanuts compared to the power of OPEC. OPEC hires lobbyists in Washington and they have a strangle hold over the oil industry, which affects all of us in more ways than we might know. OPEC is destroying many countries.

The fact is, there’s oil all over the world in tankers--there’s so much oil that they’ll end up dumping it. Oil is at $70 a barrel and it should be $20. It doesn’t take a genius to do the math on that one. OPEC continues to set the price of oil as they continue to laugh at the stupidity of our leaders. They have been allowed to do whatever they want to do. I think we should be paying more attention to what’s going on with OPEC.

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Donald J. Trump is Chairman of Trump University.

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9 Comments

Posted by GEORGE VEDEL on 07/06/2009 5:29 PM

The best presidents can not win the election and become president.
The democratic election process filters out the best for the job.
But at least we get the comment.
It is better than complete darkness, because now we know.

Posted by Rachael Sutton #1253595 on 07/06/2009 11:53 PM

Mr. Trump, this is a very condensed version of your short interview. I found your comments interesting. I agree, the price of oil is absolutely undermining the world economy/s, and I like the approach of divide and conquer. So, are you up for the job as a big, smart, tough guy?

Personally, I love the way economics works. It seems to me, that if we eliminate the need, the price will fall without putting our biggest, smartest, toughest guys at risk. Lets get those alternative fuels and energy sources on the market.

Posted by member1982261 on 07/07/2009 9:34 AM

Yes, oil is overpriced and is bound to come down. In my opinion it will go to $30 or so again, as soon as the driving season is over.

John,
http://www.canadabanks.net/Investing.aspx

Posted by Lia S. on 07/07/2009 11:20 AM

I didn't see the show on TV. The topic is thought-provoking and I looked it up. For the ones who also didn't see it, I found the video and the transcript. These are the links:

for the transcript
http://www.foxnews.com/story/0,2933,529508,00.html

for the video
http://www.foxnews.com/video2/video08.html?maven_referralObject=64068...

Posted by Business 2000 Foundation.com on 07/07/2009 3:43 PM

An insightful article...

Leaders should step up...but they fail. Who controls OPEC? Who are the selected negotiators with OPEC?

People fail...and try to re-capture after they fail with world-wide FREE TRADE. This was a problem years ago, but not much was developed. At least President Obama is trying to be less Dependant on future oil.

Not much going right on this hot topic with OPEC. Introduce free trade and offset these high prices. Why does free trade fail with OPEC? Control... Even during the Gulf war victory the United States gave up the oil. and gave the control back to them. At least pay for the war and introduce free trade with them. Get oil prices in line. Leaders failed...and we pay the price.

Supply & Demand...Who controls that market? Maybe, hold back their food for a few years. Then negotiate the oil price. with OPEC. Who controls the oil? Who controls other commodities and to it's future? FREE TRADE might help our negotiations with these OPEC leaders.

Threats: Long term world events can trigger other explosions....even to Korea's Nuclear threats
Is President Obama a world leader? A lot of future speculation...on this topic and to the issue of who controls OPEC?

Posted by member1989276 on 07/08/2009 6:50 AM

I just can't understand how the economy goes especially now that there is an price hike in oil products. It seems so weird that now the economy seems better, the more that the oil prices increases, while during the peak of recession it seem so stable. I think it goes the other way around. Anyway, we just hope the economy gets even better and soon the financial system will restore to its normal growth. Hopefully you won't need installment loans for your installment loan payments – but the largest of these loans are the usual ones, such as a mortgage loan, an auto loan, or a student loan – the usual suspects. You can also get a short term loan for sudden expenses with a payment plan, which is also an installment loan.

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Posted by member1734484 on 07/08/2009 9:55 AM

OPEC is a cartel and our leaders don't normally deal with cartels...except OPEC. We also have to look at those leaders in bed with OPEC, they wouldn't let it happen if there wasn't something to gain. Domestic drilling is definitely one way to help this situation.

Posted by Allan2000 on 07/08/2009 8:52 PM

Thank you in busting OPEC. I will join you in fighting oil price hike.

Posted by member11001080 on 08/03/2009 9:53 PM

I definately agree that with your view on OPEC. When will the leaders of our country wisen up and put a stop to OPEC?

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