Why higher oil prices don’t always benefit the US economy

US President Donald ‌Trump says that rising ⁠oil prices mean greater profits for the United States—but the reality isn’t that simple. So, why wouldn’t an oil price spike work for the US? Al Jazeera’s Osama bin Javaid explains. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #OilPrices #USEconomy #USPolitics #EnergyMarkets #GlobalOil #OilExplainer #AlJazeeraEnglish