Why Is the Trump Administration Seeking Higher Oil Prices?

Why Is the Trump Administration Seeking Higher Oil Prices?
(Jeff McIntosh/The Canadian Press via AP, File)

Low fuel prices are not necessarily a good long-term solution for a world trying to deal with the effects of climate change. But in the short term, they are perhaps the most effective and fast-acting form of economic stimulus available.

While government agencies are struggling with how to distribute stimulus checks, small business loans and corporate bailouts amid the COVID-19 epidemic, lower prices at the pump provide a quick boost to many who need it most.

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