
President Donald Trump said at the Republican National Convention in Dallas that the United States has become more powerful in oil production than OPEC thanks to the contributions of Texas, Oklahoma, North Dakota, Pennsylvania and Venezuela, and predicted a fall in oil prices after the November midterm elections in Congress.
AI-generated summary
Trump spoke at the Republican National Convention in Dallas ahead of November's midterm congressional elections, where there had previously been reports of pressure on the administration over issues with Iran and the upcoming election.
President Donald Trump said that the United States has become more powerful in oil production than the Organization of Petroleum Exporting Countries (OPEC). He stated this at the national congress of the ruling Republican Party, he was quoted by TASS.
Speaking at an event in Dallas ahead of November's midterm congressional elections, Trump touted U.S. superiority over industry rivals.
“With Venezuela, with Texas, Oklahoma, North Dakota, Pennsylvania <...> and other wonderful states, we have become more powerful than OPEC. “[Oil] prices will fall after these extremely important elections,” the president assured.
It was previously reported that the Trump administration was forced to announce an oil deal with Venezuela as early as possible due to problems with Iran and congressional elections. The White House expects problems in the upcoming congressional elections due to the unpopular war with Iran and economic failures.
AI outlook — possibilities, not facts
Oil prices will fall after the November midterm elections
Possible · Within weeks

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