He’s trying to save the oil platforms in the USA. If it goes to low they lose money by staying open because their overhead is so high. So Trump buys a ton of oil to raise the price back up.
Essentially it cost them $40 a barrel to make. But they are only selling it for $30. So every barrel they make they lose $10. Trump is trying to get the price back above $40 a barrel by buying up all the extra gas.
He’s trying to save the oil platforms in the USA. If it goes to low they lose money by staying open because their overhead is so high. So Trump buys a ton of oil to raise the price back up.
Essentially it cost them $40 a barrel to make. But they are only selling it for $30. So every barrel they make they lose $10. Trump is trying to get the price back above $40 a barrel by buying up all the extra gas.