Trump in wake of Iran attack: ‘Everyone, keep oil prices down’
Trump in wake of Iran attack: ‘Everyone, keep oil prices down’
He really does think the whole world is just like ordering a Big Mac.
Honestly the jawboning works way better than it should.
Thank Big Tech/social media, I guess?
Honestly I am surprised at how much it has worked so far. He told companies not to raise prices in the face of tariff inflation and so far they largely have. It's stupid and under classical economic theories will have unintended consequences such as causing shortages but in the short term it's been working which really sucks for those of us who have been warning about consequences that have largely not happened.
That's actually a shockingly good point.
Order corn
“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."
If only there could be any alternative sources of energy out there to discover and develop to diminish the dependence on petroleum. If only :(
Oh well, at least there's an infinite supply of crude oil along with an atmosphere fully capable of absorbing all that liberated carbon without any adverse effects.
Does he think Truth Social is an official channel of communicating orders?
He doesn't think.
This is the correct answer
He really really does.
EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!
Rape clown says what?
What?
...dang
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No don't triple them.