Why Aramco Can’t Win Under Trump’s Oil Price Doctrine

The broad view of the US President Donald Trump’s first administration as exclusively told to OilPrice.com at the time by a senior legal figure in that team was: “We’re not going to put up with any more crap from the Saudis.” That comment came after Saudi Arabia had yet again started another oil price war in early 2020 designed to cripple or destroy U.S. shale producers by dramatically increasing oil production to crash oil prices. It was exactly the same strategy it had used in the 2014-2016 Oil Price War, which had abjectly…