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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT!
what an incompetent, dumb, brain drained asswipe:
President Donald Trump issued a broad warning to "KEEP OIL PRICES DOWN" after his strikes on Iran's nuclear facilities, and urged his administration's energy department to "DRILL, BABY, DRILL."
"EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT!" Trump posted on Truth Social on Monday morning.
Trump followed up with an urgent appeal to get America's domestic oil and gas supply flowing: "To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!
The Iranians have touted the closure of the Strait of Hormuz, a key commercial shipping channel through which a significant portion of the world's oil supply passes daily, as a potential retaliation for the strikes. Iran is a major oil producer and would also suffer from a closure.
A spike in oil prices would likely feed back into higher inflation for American consumers, a potentially big political problem for Trump, who ran on a campaign to cool prices.
https://www.msn.com/en-us/money/markets/trump-fires-oil-price-warning-after-iran-strikes/ar-AA1HfF2f?ocid=entnewsntp&pc=W230&cvid=52cd427f7ef3400ab2b26271018f1597&ei=11
roamer65
(37,902 posts)WSHazel
(742 posts)I guess the GOP is no longer the party of free markets.
dalton99a
(93,888 posts)RockRaven
(19,195 posts)supposedly a successful businessman, but he acts like someone who has no fucking idea how markets and commodities work.
The people who look at him and say "yep, that's my guy, that's who I will make my whole personality about" are so far beneath contempt I cannot articulate it properly.
zorbasd
(525 posts)The people should demand his grade transcripts from UPenn...what the f#ck, he does not understand the basics - taught in middle school -of free market theory of supply and demand. He probably graduated with less than 2.00gpa with daddy's contributions to the school.
Skittles
(171,331 posts)yes indeed
unblock
(56,170 posts)Johonny
(26,063 posts)Low oil prices give little incentive for oil companies to drill more. Particularly for domestic oil which is more expensive to refine.
So, keep oil prices down, mean little increase in domestic drilling. Drill baby drill means, prices are high enough domestic oil sources are profitable and certain oil fields are viable again, so more drilling.
Trump being an economic moron, doesn't understand the energy industry, supply and demand, which seems obvious given his windmills cause cancer and kills whales comments.
Brainfodder
(7,781 posts)I am aware, but with big changes comes big changes!
Already fucked it for too many, might as well make it all worthless!
Whose going to watch the necessary things when businesses are all fucked finally from being DICKS to customers and employees not making BANK+?
sakabatou
(46,070 posts)GoCubsGo
(34,879 posts)You fucked up royally, you dumbass. Nobody is coming to your rescue this time, no matter how hard you beg.
Response to CatWoman (Original post)
Heidi This message was self-deleted by its author.
hatrack
(64,763 posts)PSPS
(15,307 posts)hatrack
(64,763 posts)Ocelot II
(130,292 posts)Thank you for your attention to this matter.
stillcool
(34,407 posts)the brain won't compute. It's like he's 'watching' some sporting event.
surfered
(13,153 posts)or moron according to his previous Secretary of State Tillerson
ProfessorGAC
(76,553 posts)...it went DOWN nearly 4 bucks a barrel since 8 this morning.
So he's going to think he won. Guy is the luckiest person ever.
The threat of middle east oil supply disruption makes the price go down?
NCDem47
(3,430 posts)I guess it's only DEMOCRATIC Presidents who get spiked with $100 a barrel when something happens in the Middle East.
And the S&P today? Gangbusters.
Don't know what's going on, but markets seem to be rewarding Trump behavior.
2MuchNoise
(764 posts)Hugin
(37,810 posts)Just drove by a station, up $0.45 from Friday.
Trump touched it, its sh*t
Anyone know where I can get some, I did that. stickers?
Tribetime
(7,143 posts)Kid Berwyn
(24,182 posts)Trumpy turd listens to Putin and does whatever is best for Putin.
haele
(15,349 posts)The Oil/Energy Companies bankroll Conservative and "Anti-Socialist" think tanks - they and their eager sock-puppet media outlets got your ass elected.
As soon as this becomes a proper Oligarchy, you're gone. Your cult won't matter anymore.
W_HAMILTON
(10,306 posts)Yo_Mama_Been_Loggin
(135,148 posts)leftieNanner
(16,154 posts)PLUS It's not the Energy Department, dumb ass!
The Blue Flower
(6,471 posts)That'll make them listen! Or hold his breath until he turns blue.