It was a word, you know, made up by the Democrats: affordability," Trump said, describing his response at the time as, "I've been here one day. Trump's comments about the price of oil told a similar story. The next day, oil surged on renewed fighting in the Middle East. "They're getting hit so hard, and they want to make a deal," Trump said. Another source disagreed with this statement: President Trump himself, who in January estimated the U.S. and Venezuela have 55% of the world's oil market.