In Reply to: You realize we have google don't you? posted by wwood2 on August 28, 2026 at 08:22:02
Cuban’s claim is that the deal helped establish the conditions for the later inflation surge by supporting oil prices. In April 2020, amid the COVID oil-price collapse, Trump pushed Saudi Arabia, Russia and other producers toward a huge coordinated production cut. OPEC+ ultimately agreed to cut roughly 9.7 million barrels per day, an extraordinary reduction intended to stabilize the oil market.
Cuban has argued that this was the “first kernel” of the inflation problem, because higher energy costs eventually feed into transportation, manufacturing, food and other prices. He has specifically said that the inflation story “started” in April 2020, rather than beginning with Biden.
Yahoo Finance