Simon Henderson is the Baker fellow and director of the Bernstein Program on Gulf and Energy Policy at The Washington Institute, specializing in energy matters and the conservative Arab states of the Persian Gulf.
Articles & Testimony
Both governments have gone “crazy” in the fast-moving price war, but the White House is apparently divided on who to blame and how much to get involved.
President Trump’s latest acknowledgement that “This could be a hell of a bad two weeks” was a reference to the coronavirus pandemic. Aside from the fatalities and pain, it also is going to be a very tough time for the economy. Evidently nagging at the president’s attention is the oil price war between Saudi Arabia and Russia. At Tuesday’s news conference, he said he had spoken with Crown Prince Mohammad bin Salman and President Putin. Both men were negotiating, he claimed, and he “personally may join the talks, if needed, at the appropriate time.” He also pointed out his major concern—low oil prices may be like a huge tax cut for many, but may not be worth it if the cost is the destruction of the U.S. oil industry...