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Items tagged with: oil
"Trump isn’t even trying to hide it anymore. When he says 'we' make a lot of money, he means oil executives, and he means himself. Because that’s all Trump cares about. How he can put more money in his own pocket and deliver a payout for his billionaire cronies."
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA #billionaires #oligarchy #EconomicElites
/17
"Trump, in his latest spiral, just tried to rebrand soaring gas prices as a good thing.
'The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,' he wrote on Truth Social.
Who is 'we?' I’ll tell you who it’s not: the voters who put this guy in office."
~ Brian Tyler Cohen
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA
/16
plus.briantylercohen.com/p/tru…
Trump's Soaring Gas Prices are a "Good Thing" for Anyone but You
Trump claims “we” stand to make a ton of money off the war in Iran. But the “we” does not include you.Brian Tyler Cohen
"And so now nearly all tanker traffic there is at an indefinite standstill and there’s a line of about 3,000 boats with some 20,000 crew members stuck."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/8
"Bad news, weirdos! The Gas prices have surged 20 percent over the past two weeks, after the Strait of Hormuz — which connects the Persian Gulf with the Gulf of Oman and through which 30 percent of the world’s boat-shipped oil and 20 percent of its natural gas flows — was deemed by insurance companies to be too dangerous to allow tankers to go through after the US attack on Feb. 28."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/7
"Remember how a bunch of low-information voters — that inexplicable some 4 to 6-ish percent of people who also voted for Barack Obama and also Joe Biden, or who previously didn’t vote at all — came out for Trump in ‘24 because of The Groceries and The Gas and The Inflation and the Masculine Penis Insecurities or whatever?"
~ Marcie Jones
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/6
"Plus, for a variety of reasons, the US is less exposed to this crisis than much of the rest of the world, so measuring it in terms of the impact on November’s midterms in the US won’t really measure its full effect.
The longer this crisis goes on, the longer it’ll take to recover from it."
"Various kinds of petroleum products, like jet fuel and diesel, are being affected more quickly than others, and both of those create immediate downstream problems in the transportation industry. Then there are the other impacts of Iran lobbing cheap drones at its Arab neighbors, on flights connecting through airports still being targeted, on tourism, on data centers."
"In an 1100-word piece weighing the energy shock Trump’s illegal war on Iran has caused in terms of White House worries (and so implicitly, politics), Politico grants anonymity to someone describing what is happening to the oil market as 'little gyrations.' …
There are far more products that are being choked off in Hormuz: fertilizer (and food products coming into the Gulf), aluminum, helium, sulphur."
~ Marcy Wheeler
#Trump #Iran #war #oil #gas
/15
emptywheel.net/2026/03/11/blip…
Blips and Gyrations: The Market Thinking of Trump's Incompetent Advisors - emptywheel
The damage that Trump's flailing and his advisors' ignorance are doing to the rest of the world will forever change how US power is viewed.emptywheel
“Gasoline, which reached a peak of over $6 a gallon in some states under my predecessor — it was, quite honestly, a disaster — is now below $2.30 a gallon in most states,” Trump boasted minutes into his nearly-two-hour address, framing his party’s message heading into the midterms.=
Two weeks later, his war with Iran threatens to undermine that pitch."
~ Hannah Knowles
"The conflict has sent the price of gasoline surging, and it reached $3.48 a gallon on Monday, nearly a 17 percent increase since the war began on Feb. 28. World leaders are preparing for far-reaching repercussions, and in private some Republicans lawmakers are growing resigned to the harsh political realities that confront the party in power when prices rise sharply."
~ Tyler Pager
"Oil went up dramatically over the weekend. I believe it briefly got up to over $110 a barrel and then it fell yesterday when Trump made these statements that the war is pretty much over we’re gonna be wrapping it up, and in anticipation of G7 nations releasing oil reserves. Now today it’s continuing that and it’s fallen significantly below $80, so investors think that Trump is going full taco here…."
~ Josh Marshall
talkingpointsmemo.com/the-back…
Unpacking Trump’s Rhetorical Flip-Flops on Iran
Yesterday, I wrote that President Trump was moonwalking out of his war in Iran. Then later that afternoon and last night he made a series of highly bellicose…Josh Marshall (TPM - Talking Points Memo)
"Oil commodities have fallen and the stock market has risen, as Wall Street believes that Trump’s Iran 'excursion' is short lived. But the problem is, Trump's word means nothing."
~ Emily Singer
dailykos.com/stories/2026/3/10…
What Wall Street is getting wrong about Trump’s oil crisis
Wall Street has had its head in the sand through the entirety of President Donald Trump's second term, whistling past the graveyard as Trump's tariffs throttled the job market ...Daily Kos
"Public opinion will quickly whiplash Trump. The first $100 tank of gas will be a shock. The second may be a financial crisis for many Americans. And the third will have Americans demanding that Trump stop the war now—something easier said than done, and something that Trump failed to consider when he gave the order to start the war."
~ Robert B. Hubbell
"In his first public remarks as Iran’s supreme leader, Ayatollah Mojtaba Khamenei called for national unity and said that all US bases in the region should close or face attacks.
The strait of Hormuz will remain closed in order to pressure Iran’s enemies, Khamenei said."
~ The Guardian
#Trump #Iran #war #economy #oil #gas #StraitOfHormuz #Khamenei
/16
"Military analysts say reopening the Strait of Hormuz could require a ground operation to seize Iran’s coastline along the strategic waterway, a move that would significantly escalate the conflict and could lead to higher casualties for U.S. and allied forces, according to the Wall Street Journal."
~ Aaron Parnas
"It feels to me, however, that much of the media is preoccupied with how many things the US blows up on any given day and is less focused on the intricate, interconnected, downstream effects of the war. Trump proudly boasted on Wednesday that the US is self-sufficient in oil production. That’s great, but if Taiwan can’t make chips to run our computers, TVs, cars, and precision-guided missiles, having a lot of oil may be irrelevant."
"The media continues to focus on the disruption to oil supplies, but a bigger crisis may be looming in the liquefied natural gas (LNG) market. For technical reasons, it is difficult to stockpile LNG. For example, Taiwan is heavily dependent on LNG to produce semiconductors; LNG accounts for about 50% of Taiwan’s energy generation. Taiwan has a 100-day oil reserve but only an 11-day LNG supply."
~ Robrt Hubbell
"And yet – you guessed it – Donald Trump is going to keep doing it anyway, even in the face of mounting casualties on all sides of the conflict, the world economy on the brink, and gas and fertilizer prices surging, and increasingly disastrous poll numbers at home for this president."
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/12
"In recent days, two Trump advisers and two other sources briefed on the situation tell me, US officials have delivered another dire warning to our batshit crazy president: They’ve informed Trump and his lieutenants that, based on American intel, the Iranian regime at this time isn’t breaking, isn’t ready to fold on the war or stop retaliating," (continued in /11)
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/10
"In the run-up to launching this regional bloodbath, Trump’s advisers 'fully briefed and prepped' him on how Iran’s government would likely respond by acting to explode oil prices – and damage the markets and our economy – if he went ahead with the war. Trump privately downplayed those warnings. Then he did it anyway."
~ Asawin Suebsaeng
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/9
zeteo.com/p/us-intel-trump-ira…
First Draft – 💥 US Intel to Trump: Iran Isn’t Breaking
The president claims we’ve already ‘won’ in Iran, as his officials tell him we most definitely haven’t; Ohioans protest Trump; and a former ICE lawyer (!) wants to replace Rep. Ilhan Omar in Congress.Asawin Suebsaeng (Zeteo)
"I suspect that Trump may realize deep down that his exercise in epic fury is nuts."
~ William Kristol
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/8
thebulwark.com/p/sing-goddess-…
Sing, Goddess, of the Fury of Trump!
The wartime president is focused on footwear.William Kristol (The Bulwark)
"He governs the country by a kind of manic coaxing which is at war with short-term memory and thrives on the ability to keep as many people fixated on the super dramatic crisis of the moment without remembering that it was preceded by an endless litany of other crises with similar branding."
~ Josh Marshall
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/7
talkingpointsmemo.com/edblog/b…
Borderline Personality Trump and the Uses of Press Myopia
Every president wants favorable press coverage. Most feel a surprising level of grievance when they don’t get it. Donald Trump is singular in using the powers…Josh Marshall (TPM - Talking Points Memo)
"Observers have spent two weeks trying to discern the 'aims' of Trump’s war on Iran, and therefore what might constitute a victory or defeat. His every bizarre utterance about his war 'plans' — including wildly conflicting declarations that Iran has surrendered and the war must be expanded to defeat the regime — immediately move markets."
~ David R. Lurie
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/5
publicnotice.co/p/trump-excurs…
Trump’s military excursion, into an abyss
The evident fact is that the president is nuts.David R. Lurie (Public Notice)
"If the road to Tehran required the sons and daughters of the billionaire & political class to march beside everyone else’s kids, would we still be there?"
~ Thom Hartmann
#Trump #Iran #war #economy #EconomicElites #oligarchy #oil #gas
/4
hartmannreport.com/p/what-if-e…
What If Every Billionaire's and Senator’s Kid Could Be Sent to Fight in Iran?
If the road to Tehran required the sons and daughters of the billionaire & political class to march beside everyone else’s kids, would we still be there?Thom Hartmann (The Hartmann Report)
"In a puzzling social media post on Thursday, Trump wrote, 'The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.” Who is the “we?” Yes, he and his billionaire buddies are making out like bandits, but most of the world will suffer mightily.
Here we are, nearly two weeks in, and what Americans know about this war comes down to this:"
#Trump #Iran #war #oil #gas #economy #prices #affordability
/29
"While the White House doesn’t seem to have a coherent plan to fight this war, or how to end it, Iran does: inflict economic, political, and military pain until Trump utters 'uncle.' They are doing a good job of it so far.
The Americans and Israelis continue to bomb Iran with no articulated endgame."
~ Dan Rather
"Trump posted on Truth Social today that Americans shouldn’t be concerned about high gas prices: 'The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.'
… The multi-national oil companies operating in the US make a lot of money. The average American gets screwed. Which pretty much sums up Trump and the Republican Party’s approach to the economy."
~ Ron Filipkowski
#Trump #Iran #war #oil #gas
/27
meidasplus.com/p/today-in-poli…
Today in Politics, Bulletin 326. 3/12/26
… Trump posted on Truth Social today that Americans shouldn’t be concerned about high gas prices: “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.”Ron Filipkowski (Meidas+)
"Did he threaten an investigation? Did he ask how much responsibility Russia is ready to bear? Did he tell Putin there would be future consequences? Did Trump, you know, stand up to the man who’s helping kill his own people?
Another commander-in-chief would have. With Trump, however, there’s a sense he’s not responsible. When troops die, he seems unmoved by their sacrifice."
#Trump #Putin #Iran #Russia #war #oil #gas #StraitofHormuz
/25
"Around a quarter of the world’s oil passes through the strait. Iran’s new leader vowed to keep it shut. Oil prices are soaring.
With prices soaring, the Russians have taken in $7 billion in oil revenues in the last week and stand to take in more. …
When Trump talked to Putin on Monday, did he ask if intelligence or drones given by Russia to Iran led directly to any of those seven deaths [of US soldiers]?"
#Trump #Putin #Iran #Russia #war #oil #gas #StraitofHormuz
/24
"In addition to helping the Iranians kill American military personnel (seven have died and 140 have been injured since the start of the war, per the AP), the Russians are helping the Iranians choke off the global supply of oil at the Persian Gulf’s Strait of Hormuz.
The Iranians attacked three tankers Wednesday. They attacked three more today. They attacked a port in Oman. They forced ports in Iraq to close."
#Trump #Putin #Iran #Russia #war #oil #gas #StraitofHormuz
/23
"The Russians are now helping the Iranians in their war for survival against the United States, first by providing 'targeting information,' according to the Post, and second by providing 'specific advice on drone tactics,' according to CNN."
~ John Stoehr
#Trump #Putin #Iran #Russia #war #oil #gas #StraitofHormuz
/22
editorialboard.com/while-putin…
While Putin helps Iran kill Americans, Trump shrugs
The material outcome of their chumminess is no longer theoretical.John Stoehr (Editorial Board)
"Iran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf on Wednesday, attacking commercial ships and targeting Dubai’s international airport as US and Israeli warplanes launched new waves of strikes."
~ Clea Skopeliti
#Trump #Iran #war #oil #gas #StraitofHormuz #Dubai #Israel
/13
theguardian.com/us-news/2026/m…
First Thing: Iran escalates attacks on infrastructure and transport networks across the Gulf
Oil prices again rise over $100 a barrel as Iran threatens long ‘war of attrition’. Plus, San Francisco slashes air pollutionClea Skopeliti (The Guardian)
"As we keep pointing out, if the US and the rest of the world had actually taken the threat of climate change seriously for the past three decades and sharply ramped up clean energy production, we’d all be less subject to sudden interruptions of oil supplies by now."
~ Marty Kelley
#Trump #Iran #war #oil #gas #StraitofHormuz
/12
wonkette.com/p/maybe-trump-bom…
Maybe Trump Bombed Some Schools, But At Least Gas Prices Are Going Higher And Higher
It's a Dire situation in the Strait, and we're spending all this Money for Nothing.Doktor Zoom (Wonkette)