Trump in wake of Iran attack: ‘Everyone, keep oil prices down’
Trump in wake of Iran attack: ‘Everyone, keep oil prices down’
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“To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!” he added on Truth Social.
Fun fact #1: The department of energy does not control oil drilling. Sorry Donald, they can't unilaterally make it happen.
Fun fact #2: Not all oil is equal. Refineries are designed to process certain grades of oil into specific products, and different parts of the world have different grades. Refineries also often blend oils from different parts of the world to get the characteristics they need for their process.
Fun fact #3: Moving domestic petroleum products between the west coast and the rest of the US is an expensive pain in the ass. There is a distinct lack of pipelines, so you need to ship it through the Panama canal. But shipping is expensive thanks to the Jones Act. So California, Oregon, and Washington would get particularly screwed in a domestic-only oil market.
"Drill, baby, drill!" has always been an immensely stupid rallying cry, even if you don't care about the environment.
"Drill, baby, drill!" has always been an immensely stupid rallying cry, even if you don't care about the environment.
But a funny one, if it was in an Austin Powers movie.
Fun fact #2: Not all oil is equal. Refineries are designed to process certain grades of oil into specific products, and different parts of the world have different grades. Refineries also often blend oils from different parts of the world to get the characteristics they need for their process.
And the infrastructure to do that doesn't currently exist. Even if they could drill overnight, they don't have the pumps, platforms, and refineries set up.
“Drill, baby, drill!”
So, trepannings for everyone?
They meant as in "drill furniture to the wall just in case ground starts shaking."