White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
If only in the decades since the oil embargo of the early 1970s we kept investing in alternative energy sources we could have been in a much better place energy wise.
Jimmy Carter put solar panels on the White House roof. Reagan took them down. Pretty succinct summary of the past 40 years.
before anyone says “those solar panels didn’t work very well” THAT’S NOT THE FUCKING POINT. they represented a commitment to invest in the technology. the presidency is the bully pulpit. a person can change a lot about the direction of the country there without making meaningful change in the moment. Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power
Exactly.
Grant and Carter are probably the two presidents who tried the hardest to do something positive with that power
I would say both Roosevelts did too. Admittedly, my Grant knowledge isn’t super deep, what was it that he did that you think puts him in that group?
he had this crazy idea that the treasury department should give money to poor people and that someone should kick the KKK’s ass
Let’s not idolize Carter too much. I like a lot of what he did, and I obviously love his “old man building houses for the needy” golden years, but Carter was also the beginning of the dismantling of antitrust which is the primary reason we have wealth consolidation and market capture as the de facto norm today.
He started the ball rolling with a bizarre policy of “big businesses are good for everyone” which meant antitrust laws–while still on the books and our official policy–simply stopped being enforced. Regan capitalized on this but Carter started it.
oh for sure. and Grant wasn’t great for indioenous people. America has never had a good president. just a limited selection who qualify for “most least worst”
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Yeah, but windmills cause cancer and solar is basically gay. And EVs - I’m pretty sure if you drive those when you are male, your penis shrivels up, falls off and you grow a vagina.
your penis shrivels up, falls off and you grow a vagina.
Sarcasm: That’s anti-profit! The shareholder nobility will starve!
If ONLY Iran would OPEN up the Straight
that was ALREADY Open BEFORE Trump bombed them for some Reason!WE wouldn’t be in This Mess! We NEED Trump to FixTrump’s Fuck Up!Iran!-NOT Sheep Republicans!
americans complaining about gas prices will never be not funny
Oh hey, maybe if they didn’t dismantle all the green energy and EV initiatives then the impacts would be mitigated a little bit…
Funny how that works…
Literally couldn’t be doing anything different to help Russia more.
That’s gotta be the point, isn’t it? It’s not really a secret that trump’s a russian stooge…
I think about this. Functionally he’s a puppet of Putin, but I don’t think that it’s an “active” stooging. Trump wants to BE a dictator and Putin is very intelligent, so he’s able to ply Trump to his will. Trump probably cares more about the pee-tapes than it’d actually affect him.
Just as they planned.
Automakers have billions of dollars in EV manufacturing equipment sitting around doing nothing since the new administration changed all the regulations and incentives.
they’re also putting some new programs on hold, so at least they’re not all outright cancelled yet
but oh boy have a lot been cancelled. we built a huge cell that was shipped to the customer and scrapped the next year. the customer actually ended up taking apart the tools we built and shipping us back a bunch of the components to build them another cell for a different project. that was neat.
And they arrested/deported most of the engineers who were supposed to train manufacturing employees…
Gotta subsidise the undead oil economy or else the old farts might actually have to read a journal and try to figure where else to invest the money they don’t need!
It honestly makes me sick that this appears to be the line for most Americans. Fuck this country.
To be fair, once fuel prices go up the cost of EVERYTHING also goes up. So no it’s not just about pain at the pump, it’s pain at the grocery check out. Pain when the oil truck comes to deliver your liquid heat. Pain when you buy anything plastic, anything grown with fertilizers. People don’t realize petroleum is in almost everything! And if it doesn’t use a petroleum product in manufacturing, it certainly does in shipping.
Youre right, but also if we weren’t using up as much for fuel as we do there would be much more left for other applications
No kidding. I think our world leaders have forgotten that there is only so much oil in the ground, once it’s all burnt up that’s it poof it’s gone. Makes it even more insane that their bombing oil fields and refineries. If u want a small example of how our billionaire rulers have boned us look at the racket from synthetic rope getting hemp banned. The tldr is DuPont made synthetic rope, but hemp which is sustainable and strong got outlawed due in part to them lobbying. We have a government that exists only to stuff rich peoples pockets from what it seems. There’s more examples than can be listed of private corporations creating rules to make themselves the winners at the expense of the people and the planet, and it’s been going on for over a hundred years and just getting exponentially worse. There’s a reason wealth just keeps consolidating.
Prices for the kinds of fuel ocean going ships burn have increased 25%-35% depending on the port.
Yep and the same cart of groceries I spent 100 bucks on last year is about 200 now :( Trump was right. So much winning we’ll get sick of it. Trouble is only the billionaires are winning, at our expense. I’m not having fun anymore.
Ive never heard liquid heat before, interesting. We call it heating oil where I’m from (southern new england).
I’m in northern New England, moved here from Southern New England. Moved there from Texas. Moved there from Italy. I’m not “from” anywhere so I picked up some odd sayings in my travels LOL. I also make stupid shit up on occasion, gotta keep people on their toes.
Ah ok lol.
No one cares about victims of rape and pedophilia, that’s other people, caring about other people is un-American.
The only thing that keeps most people complacent is they can manage to scrape by with their meager salary buying crappy goods. Take that away and Americans might get more revolutionary.
“americans are 3 hot meals from a revolution” is the saying I think.
Yeah, but I don’t think America existed when that phrase was first said. More like “The people are…”
$ is the only thing sacred in america, always has been
When people are struggling to get by and exhausted from the news, they end up focusing on themselves. The reality is most Americans don’t have the energy, time, or resources to focus on something that’s disconnected from their lives - including attrocities on the other side of the planet.
But gas prices hit HARD. When you’re spending 20-30% of your income on gas and the price of that gas doubles, it’s a problem even before it makes everything else skyrocket in price.
That excuse is honestly not acceptable. Americans have had ample time and opportunity to consider the impact of their voting decisions. This is their choice. Collectively, the country has failed.
Too ignorant, selfish, or stupid.
He really wants to kill the economy so his rich buddies can buy everything up cheap.
Trump officials bracing for nightmare scenario of renewable energy and end of global hegemony.
I really want to see Iran say they’ll reopen it only after trump is personally handed over to stand trial for his war crimes…
It will never work, but it’ll fracture his support and more importantly he’ll be ome convinced it’s gonna happen and start turning on his own cronies even if they’re loyal.
Except it’s going to devastate a lot of people financially who don’t deserve it. So ireally don’t find it funny.
But if gas hits that high it will devastate rural areas and the people who voted for this
30% of the American public voted for these grifting idiots, not just the president, but his enablers too. This slightly disproportionately affects rural areas. We should be getting off of gas and investing in green energy anyway.
I choose to laugh. It’s better than what the people of Iran got out of it.
Man, I wonder if a better president would have come up with some kind of treaty to prevent Iran from obtaining nuclear weapons.
How many times has iran been attacked for being two weeks away from nuclear weapons in the past 50 years?
What are the chances these are all true?
US&A has nuclear weapons and is obviously a threat to world right now.
While that’s true, it doesn’t really contribute to the conversation or the problem at hand.
Are you implying that because the US has nuclear weapons that you’d like Iran to have them too?
Remember those weapons over which US&A started the war in Iraq? They’ve probably existed as much as theirs in Iran. I don’t believe I’ve seen Iran attack anyone before it was attacked. US&A on the other hand…
I think you missed the point, which is that I think the way to handle this was Obama’s treaty before Trump dismantled it because it was an Obama accomplishment.
If this doesn’t devastate those fuckers I hope literally anything else does. They need to pay.
Pay the piper now or pay him later when the earth rises 2C over global average due to no one changing their habits.
Idle hands are the devil’s playground.
Who is it going to financially devastate? Most Americans have no investments, no savings, and no retirement. 10,000% inflation is almost as hard to deal with as 50% for people living paycheck to paycheck already. For the investors/ruling class, a free falling dollar does a lot more damage.
Trump and Netanyahu.
https://www.amazon.com/100pcs-Trump-Stickers-Donald-Merchandise/dp/B0DVSW4WD8
100pcs Trump I Did that Stickers Gas Pump Stickers Decal, Anti Trump Stickers, Fuck Donald Trump Mega Merchandise
5K+ bought in past month
https://www.amazon.com/Trump-Did-That-Stickers-2-5inch/dp/B0DWN53KXY
Trump I Did that Stickers, 2.5inch I Did that Trump Sticker 100PCS
10K+ bought in past month
So if each of those sticker packs has 100 stickers, and people have bought over fifteen thousand packs in the past month alone on those two Amazon items (and there are more) alone, that’s over 1.5 million gas pumps that you’d need if you were going to use just those sticker packs.
https://www.fuelexpress.net/blog/general-information/how-many-gas-stations-are-in-the-us/
As of recent estimates, there are about 160,000 gas stations across the United States.
Like, people are going to have to be putting them on in layers or something. I don’t think that there are enough gasoline pumps.
You can put them on other things too, like gas station toilets and portapotties
I like putting the Apple stickers on my toilets and trash cans. I don’t think Trump stickers are high quality enough!
Donald only uses toilets to dispose of secret documents.
I don’t think that there are enough gasoline pumps.
Remember, you have to put one on both sides of the pump in many places. And then you’ve got places like Buc-ee’s with 120 pumps.
So I think you’re actually underestimating by a lot!
Yeah but it’s not the only thing he did. There’s plenty of things to stick them on
Trump officials prepping for nighttime scenario as Trump dies…
Trump administration -> Epstein network
They’re gonna nationalize our oil aren’t they? Required sale to the government at a set rate and then government will turn around and sell into the domestic and international markets to balance prices at our pumps.
It’s about the only option other than stop bombing Iran and that’s not happening.
That would be hilarious actually
Oh Undoubtedly. I look forward to all the explanations as to why it’s Capitalism when we do it and Socialism when Venezuela does it.
Trump could ban US oil export. That would bring the price of gas down here.
He won’t do that.
That would bring the price of gas down here.
I’m doubtful of that. Oil is a globalized commodity, and international prices will still affect local sales, even if none of our oil actually comes through the strait of Hormuz.
I’m convinced the strait being closed is the whole point of this mess. It’s just an excuse to charge more despite local production costs not changing. If export were banned, I think they’d just lower production to keep their margins high.
The point is that banning the export of US oil would cause oil to stop being a globalized commodity (in the US.) US production and US consumption have not changed since the Iran war started. But US prices are up since US production is being shipped to places where their supply from Hormuz is cut off.
Other responder said that US refining can’t refine US oil, which would be extremely odd and I hadn’t heard that before but if true would indeed destroy my logic here.
The oil refineries we have in the US attention equipped to handle the type of oil we can actually produce here. We export just about all of our oil, and just about all of our oil product are refined from foreign oil.
If we didn’t export US oil, we wouldn’t be able to do much with it.
I’m nowhere near an expert, but that’s solely a cost issue. We certainly have the tech and the oil companies would be happy to retool with taxpayer dollars. What’s another trillion or three between friends?
It’s not just cost, but also time. This issue is quite a pressing concern, I am no expert but from what I’ve read they can’t quickly retool for a different type of oil, it would be a longer term kind of thing, not fast enough for the current crisis
The Sociopathic Oligarchs see the Dow as the leading indicator of the economy, and never notice gas prices.
But to the average American, the price of GAS is the leading economic indicator, and that number psychologically symbolizes the health of the economy in their minds. That number is displayed on every corner in the country, and every American passes it many times a day, driving it into their skulls.
This is NOT good for MAGA, and a reckoning is coming. MAGA is feral, and when they feel cornered, wounded, and scared, they will strike out ferociously. It’s going to get uglier before it gets better.
The fact that gasoline has giant signs telling you how much it costs is very symbolic of America as a Petro state. Because of that one thing alone it’s the only products where every American can tell you exactly how much it costs, and specifically how much it costs in their area more so than nationwide. Because of credit cards most people couldn’t tell you the price of other Essentials off the top of their head like a gallon of milk or a loaf of bread but gasoline? It’s $5.50 at the station down the road
I paid $2.74 on the day the bombing started. It went up to $4.29 yesterday.
Most working Americans couldn’t tell you where the Dow is today, but every Sociopathic Oligarch knows it by the hour. But EVERY American knows the price of gas, and they’re super pissed about it.
The one thing even the mist ignorant racist American cares about is the price of gas. This is what is gonna sink trump
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They tend to have a blind devotion to Donald Trump. By that I mean they change their opinions to match his actions. Every republican I know cared about the Epstein files, but now that Trump has expressed annoyance whenever they are brought they no longer care if they are released and even act annoyed if you bring it up. They viewed Joe Biden as evil and that he was the main cause for high gas prices, but now that gas prices are going up under Trump they understand the president doesn’t cause the prices to go up. The cost of healthcare, childcare, grocery’s, and housing were all things they cared about when Biden was president, but now that prices are going up and not down they no longer care. It’s not necessarily a personality, while I do feel a lot of them do share similar traits. What you are looking for is a person that is able to think however Donald Trump wants them to. That’s what makes a MAGA. It’s someone who will never criticize Trump they will just change their opinions. They only care about what Trump wants them to at the time.
Good post. Too bad you wasted it on a guy who doesn’t know what a MAGA is. I suspect he won’t understand even after reading it.
You should check out his most recent comment if you want to laugh
Except in this case the president directly caused gas prices to go up.
You can’t find MAGAs? I suspect that if you looked in the mirror, you’d see one.
Obvious troll is obvious. Your four day old account is full of Trump posting.
What does maga refer to? Perhaps the people who wear it on their hats? What is this question?
Good, let the hate flow through you.
I’m with you. You’re getting downvotes, but not from me. This is no time to be polite.
The best part is that even if everything in the Strait were to return to normal tomorrow, the oil price shock is just barely beginning to filter through the system, so there’s absolutely nothing Trump can do to stop what he caused.
Oh yeah. Global logistics with slow-boat tankers are scheduled multiple months in advance to keep the machine flowing. With every single route now completely thrown awry, there’s no going back for at least a year.
And then there is the whole inflation feeding through into Fertilizers (mainly from higher Natural Gas prices rather than Oil prices), in turn feeding through into Food prices, all of which carries even long delays to fully emerge in consumer prices because of the time food takes to grow (more so if you think cattle since fertilizer prices indirectly push costs up through the increase in feed prices, so there’s even more delay there than for something like corn).
Just the first month of war has baked in many months of rising Inflation.
At which point gas stations will just keep prices the same as people have gotten used to it and blamed Trump for it.
“there’s absolutely nothing Trump can do to stop what he caused.”
Assuming he won’t just abandon it and make it someone else’s problem, like he does with literally everything else he touches.
The only big difference between Adolf Hitler and Donald Trump is that Hitler didn’t sexually abuse children.
Comparisons:
- never drinks alcohol
- tariff war which is worst for themselves
- oil shortages by bad planning
- declaring wars
- stealing Nobel peace prize (was Goebbles, but whatever)
- fucking up the economy
- started a world war
- is senile AF
- blames minorities for everything
- wants to get rid of minorities by any means necessary
- doesn’t care about rules or laws, human rights or war crimes
- wants to build megalomaniac buildings
- only recognizes self appointed judges
- builds a close circle of radicalizedsidiots around him who can’t day no to him
- empoweres criminal enterprises, surrounds himself with and protects criminals, steals from the poor, creates a regime enriching itself illegally
Should I continue?
Hitler death: 4/30/45
Trump birth: 6/14/46
Certainly a case to be made for reincarnation.
Hitler’s bday is also same as Napoleon’s.
No, it isn’t. Hitler’s is 4/20 and Napoleon’s is 8/15.
Napoleon III was born 20-04-1808
There were more than one Napoleons.
Napoleon III, a descendant of Napoléon Bonaparte (Napoleon I), became France’s first President in 1848. After his four years term, he seized power through a Coup d’état in 1851 and became the country’s Emperor.
Birthday: april-20 1808
Birthplace: Ajaccio, France
Death Year: 1873
Age at death: 65 years old
Ah, so he was. However, if you just say “Napoleon” he’s not the one that people will think you’re referring to. That III is very important.
Yeah my bad. I only know it because a friend of mine has his bday that day and he always says it’s the same bday as Hitler and Napoleon. I assumed he was right, I also just found out it was Napi III.
Hitler was vegetarian, he didn’t like aMcDonald’s.
Fair point
Solid list but a really obvious miss for me was amphetamine addiction
I believe Hitler had a thing for his underage niece.
Except maybe his niece
Don’t forget the uncontrollable farting.
Hitler did speed and trump did cocain, he’s probably on adderall now.
He doesn’t drink? Really? I’m kinda surprised at that.
His older brother, Fred, died of alcoholism related illness. If you believe Fred’s daughter (the anti trump psychologist who wrote a book on her uncle) his alcoholism was a byproduct of the abusive household that they (Fred and Donald) grew up in.
Sobriety (alcohol) in response to that seems to be a rare bit of Donald making a wise choice, though it could easily be him attempting to one up his brother
Hitler never drank, and Trump can’t drink because it would kill his only braincell. But he is also known to never, or rarely, drink alcohol.
If that biopic of him was accurate, Trump can’t even hold his liquor.
Trump’s drug of choice is a drawer full of Sudafed.
No braincells to spare
