▲ U.S. President Donald Trump speaks at a campaign rally at the Mitchell Center of the University of South Alabama in Alabama on the 2nd (local time).
U.S. President Donald Trump expressed confidence in stabilizing oil prices during a campaign rally supporting midterm elections on the 2nd (local time).
Speaking at a campaign rally held at the Mitchell Center of the University of South Alabama in Alabama that day, President Trump claimed, "We are working with Venezuela and pulling out billions of dollars worth of oil," adding, "We will soon fill our Strategic Petroleum Reserve (SPR) at no cost."
This is interpreted as an intention to expand the U.S. Strategic Petroleum Reserve using oil secured from Venezuela.
However, President Trump did not specify when, how much, or in what manner the strategic reserve would be refilled.
To stabilize oil prices that have soared due to the war with Iran, the Trump administration has been releasing massive amounts of oil from the Strategic Petroleum Reserve.
Currently, U.S. strategic petroleum reserves have fallen below 284 million barrels, the lowest level since 1982.
President Trump also actively promoted the agreement reached with the Group of Seven (G7) and Europe to release large-scale stockpiled diesel.
"I spoke with representatives from G7 member countries. I am pleased to announce that Europe has agreed to release its massive stockpiles of diesel fuel, and this will go into effect immediately," President Trump stated.
He added, "Diesel prices are already coming down, but you are going to see them come down even further," claiming that energy prices will drop more sharply once the war with Iran concludes.
Previously, the G7 announced an agreement to jointly release 100 million barrels of stockpiled diesel and crude oil over the next four months.
During the speech, President Trump also devoted efforts to highlighting his economic achievements.
Emphasizing that massive fiscal revenues are being generated through tariffs, President Trump stated, "If Republicans win, 5,000 dollars will go into each of your pockets, and the United States will achieve unprecedented economic success."
On the other hand, he claimed that if Democrats win, "a Great Depression like that of 1929 will strike."
He also urged support for the Republican Party, warning that Democrats would drastically raise taxes and roll back the tax-cut policies of the Trump administration.
President Trump appealed to local voters by mentioning that 3 billion dollars in federal funds had been invested to support the launch of a bridge project connecting Mobile in southern Alabama with the eastern coastal region.
He then urged votes for Republican candidates for the federal Senate and House of Representatives from Alabama, including Senator Tommy Tuberville, who is running in the Alabama gubernatorial race.
President Trump announced that day that he plans to visit Alabama again on the 10th to watch a college football game.
(Photo: AP, Yonhap News)
※
Copying, redistribution, and unauthorized use in AI training are strictly prohibited.