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News & Current Events Mar 29, 2026 at 2:42 AM

Trump Thinks He Can Magically Control the Price of Oil

Posted by sxyaustincpl


Trump Thinks He Can Magically Control the Price of Oil
The New Republic
Trump Thinks He Can Magically Control the Price of Oil
And he has zero understanding of the complexity of the markets his Iran war is messing with.

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wdomeika Mar 29, 2026 +306
And why not? Magical thinking is one of his super powers...
306
FuzzyMcBitty Mar 29, 2026 +1
He’s a TV guy. Not just because he was on it, but because he’s addicted to it.  Even as president, he spent vast amounts of time engaging media as a viewer.  Every time a Democrat becomes the president, his media outlet of choice tells him that the gas prices are the fault of the president and that the president has been using the office to do whatever he wants.  Some of these things were breadcrumbs for the base, but we’ve reached the point where the breadcrumb-consumers are in office. 
1
thesluggard12 Mar 29, 2026 +1
The entirety of Trump's time in office, I've tried to figure out his popularity. All of the different answers are true, they make sense, and I think get me most of the way there, but I've always felt there was a piece missing. The point of Trump as a result of his consumption of media rather than someone taking advantage of media consumers I think may be that missing piece.
1
FuzzyMcBitty Mar 29, 2026 +1
I would argue that he’s both. 
1
thesluggard12 Mar 29, 2026 +1
I would agree, but I think the part about him being the consumer is the part that makes it all click. It's the only thing he has in common with most of his base.
1
FuzzyMcBitty Mar 29, 2026 +1
The most obvious example of it was his first term obsession with building a wall.  The wall was something that they used to bang the drum on FOX News about for the base. I don’t think that anyone in a position of power actually wanted to build it because there are so many technical ways to monitor the boarder that are more cost effective. But Trump has been fed a steady diet of cable news for years, and he made it a mainstay of his campaign.  It’s kind of like how the AI is eventually going to be inputting more and more AI slop because it’s been fed everything else.
1
North-Outside-5815 Mar 29, 2026 +1
That is already happening, and it's stopping the current LLMs from getting any larger. All the good training material has been used, and the newly created one is poisoned by AI slop.
1
thedkexperience Mar 29, 2026 +1
He’s been playing a wrestling heel since 2014. This is literally it. He’s just been mimicking the stuff Vince McMahon would do on TV. That’s his charisma.
1
JimValleyFKOR Mar 29, 2026 +1
His (maybe former now) good friend Vince McMahon who Trump has known since the 1980s and his wife has been in Trump's cabinet twice? There are a lot more connections than just wrestling. Too many similarities.
1
thedkexperience Mar 29, 2026 +1
Yes. It’s literally exactly what it is.
1
TheGringoDingo Mar 29, 2026 +1
The weirdest thing about that is he was already president for 4 years, got a 4 year break, and is now president again. If he’s a true believer in the things he says, there’s no doubt he has cognitively declined to the point he needs memory care unit levels of medical care for his dementia.
1
youlikemoneytoo Mar 29, 2026 +1
He did declassify those documents by thinking about it
1
seweso Mar 29, 2026 +1
Like everyone who beliefs in god 
1
mok000 Mar 29, 2026 +1
Apart from the fact that their thoughts and prayers never seem to do jack shit.
1
gogoluke Mar 29, 2026 +1
But how do you know that? With out prayers to pacify Supply Side Jesus he might have returned and been rampaging through orphanages and kindergartens...
1
BanginNLeavin Mar 29, 2026 +1
Apparently he was, in the form of trafficking
1
Level_Medicine_2144 Mar 29, 2026 +1
Yeah! And how is that working for him?!?
1
Richie217 Mar 29, 2026 +1
The power of no one ever trying you No!
1
MultiGeometry Mar 29, 2026 +1
When he blamed Biden and Obama for oil prices, apparently he really believed this was a power the president had and it wasn’t just mindless propaganda. Now he’s President and confused.
1
[deleted] Mar 29, 2026 -11
[removed]
-11
Floortom1000 Mar 29, 2026 +149
Trump doesn’t understand energy markets but to be fair he doesn’t really understand anything
149
AlexZivojinovich Mar 29, 2026 +33
Rumor has it he’s pretty good at grabbing something… as long as it’s not more than 17 years old.
33
unwah Mar 29, 2026 +44
“I’m automatically attracted to oil — I just start invading them. It’s like a magnet. Just bomb the leadership. I don’t even wait. When you’re a superpower, they let you do it. You can do anything. Grab ’em by the oil. You can do anything.”
44
P3pp3rSauc3 Mar 29, 2026 +1
Okay this made me f****** laugh.
1
Ol_Turd_Fergy Mar 29, 2026 +1
Someone should print this is bright white letters on the front of a stupid red hat
1
Aggressive-Fail4612 Mar 29, 2026 +1
He knows how to get supper rich at the expense of the USA
1
wirthmore Mar 29, 2026 +1
Dinner rich, even
1
Aggressive-Fail4612 Mar 29, 2026 +1
Hahaha. Brunch rich too. Suppa
1
BasvanS Mar 29, 2026 +1
It’s all the same thing: hamberder rich
1
yimmy51 Mar 29, 2026 +1
["There is a global protest going on against one man today. Just strap that man to a board and ship him to Iran with a bow on his head" - Rob Pue](https://www.listnook.com/r/thebulwark/s/E0YVzUcMiM)
1
spaceporter Mar 29, 2026 +1
Much like his bowels, the oil market is not in his control.
1
JoeFTPgamerIOS Mar 29, 2026 +1
I’m still convinced he doesn’t understand tariffs.
1
37GreaterThan4547 Mar 29, 2026 +155
He isn't terribly wrong. He starts a war and it jumps from 60 to 120. He says it's over and it drops to 80. He says "just kidding" and it's back to 100. Seems like he has it figured out.
155
jsdeprey Mar 29, 2026 +51
He hasn't figured out anything, it wont go back down to 60 like it was at the beginning of the year for him. He can make it go from 80 to 100. He can probably make it go to 150 tomorrow if he says something really crazy, but thats not a hard thing to do. Lets see him get it back to 60, for that he would have to undo the damage to the oil infrastructure already blown up, and that takes time.
51
Proper_Ad5627 Mar 29, 2026 +14
He could do it, just surrender to iran and give them their tax for boats thru the straight forever
14
jsdeprey Mar 29, 2026 +20
Wouldn't help the price of oil tomorrow go back to the price before stuff was blown up, that is not how it works.
20
Proper_Ad5627 Mar 29, 2026 -12
I mean it literally would though. Very little oil capacity has been hit, it’s just that they can’t move it. If the straight was opened and He coupled that with a quick market flood from the strategic reserve it could hit 60$ Edit: You guys do realise Trump is president of the biggest oil producing nation in the world right? The biggest military? The biggest economy? The country that started this dumb war? Trump has more ability to move oil prices than any living human being - it’s not even close.
-12
wirthmore Mar 29, 2026 +1
American refineries can’t process the oil that American oil wells remove from the ground(“sweet, light”). The refineries need imported oil (“sour, heavy”) Bottom line: America is dependent on oil imports despite the ‘net export’ statistics.
1
Badbullet Mar 29, 2026 +1
It bothers me that so many people do not know this, especially on the right since they are the ones that keep thinking Trump will make us energy dependent. They keep saying drill-baby-drill, which will only bring out oil that less than half of our refineries can even refine. If we ended up in a position where we cut off oil imports, we’d be screwed for years with sky-high fuel prices while we wait for new refineries to be built and existing ones to be converted, both very expensive to do. And that should have been done already, but people don’t want to pay more at the pump to finance the $500 million to $1 billion conversions per refinery. Trying to keep prices low has kept us dependent on oil imports.
1
Proper_Ad5627 Mar 29, 2026 +1
Good to know. Trump can still influence oil prices in both the short and long term. The question is at what cost and if he’s capable of paying it - not whether he can do it.
1
FoolishConsistency17 Mar 29, 2026 +1
Being the person with the most power doesn't make that power infinite.
1
Proper_Ad5627 Mar 29, 2026 +1
I never said it was infinite, nor did i say he could enact it without i intense political cost - more than he would be able to do. Trump literally controls a button that could wipe the middle east off the map. Think that might affect oil prices a bit?
1
FoolishConsistency17 Mar 29, 2026 +1
The discussion was about his power to bring them down. That's a lot harder than running them up.
1
Proper_Ad5627 Mar 29, 2026 +1
You do realise he dropped it $20 in an hour with a single tweet on monday right? With a single tweet. And your argument is that he couldn’t do more than that?
1
geardownson Mar 29, 2026 +1
This right here. People say Presidents can't affect the gas prices but they have for years by releasing reserves.
1
jsdeprey Mar 29, 2026 +8
Reserves are not anything compared to the world's oil supply, it helps temporary only
8
Proper_Ad5627 Mar 29, 2026 -2
The us reserve has sufficient to flood the global market and dramatically drive down prices in the short term
-2
Gumichi Mar 29, 2026 +1
jfc.... "in the short term" is doing a lot of work in your argument. even GWB was smart enough to understand that he doesn't have a magic wand that makes prices come down. inflation only goes in one direction long term.
1
Proper_Ad5627 Mar 29, 2026 +1
You’ve confused two things here From my understanding inflation goes in one direction because the opposite, sustained deflation, is inherently destructive - if your debt is increasing and your wages falling, it causes an economic spiral into oblivion. Central banks work incredibly hard to prevent any period of sustained deflation - hence, prices rise and debts fall - and the system works. Oil is a commodity, not a currency. the price goes up and down on far shorter cycles based on immediate supply and demand. Trump could do a number of things to dramatically reduce prices, some of which he has done (albeit in small form), such as enabling Russia to trade oil freely, reopening the straight of hormuz by surrendering to the Iranian regime, releasing federal reserves, or in the most extreme version, nationalise some of the American land reserves and open up the unprofitable well sites - increasing production and selling at a loss. Some of these are short term, some long term. He absolutely has that power however.
1
geardownson Mar 29, 2026 -2
Thank you. It's the entire point. Lots of presidents have done it. It's not a big secret.
-2
jsdeprey Mar 29, 2026 +1
It wont take the price of oil to 60 dollars a barrel again. https://www.npr.org/transcripts/1090498777
1
matphoto Mar 29, 2026 +1
You're vastly overestimating the effect it has on prices though. Oil is a globally traded commodity. If traders don't think the supply problems have been fixed then adding a bunch of barrels one time won't change much. It can only be done once and everyone knows that.
1
limpingdba Mar 29, 2026 +1
But he doesn't care where it ends actually up. So long as it shifts up or down to the tune of his family's futures bets, he's making a lot of money.
1
Jurodan Mar 29, 2026 +1
Give it another week or so and it'll only be going up. Because at that point, shipments will be missed entirely, and we'll be seeing shocks as countries run out of oil.
1
limpingdba Mar 29, 2026 +1
No doubt. What I'm saying is trump doesn't care if it goes up, because he can leverage his bets and make millions more.
1
Scribble_Box Mar 29, 2026 +1
He could try and implement some type of export ban under the guise of national security. WTI would crash back down and Brent would spike. Would be pretty catastrophic for the global market, and a nuclear option, but it's Trump were talking about...
1
malibuklw Mar 29, 2026 +1
They don’t want it at $60. It becomes unprofitable to extract when the cost is much lower than that
1
farrelhuman Mar 29, 2026 +5
Everyone already knew that though. He didn't figure it out. It's just most people aren't selfish enough to play this game.
5
dreevsa Mar 29, 2026 +7
Accidentally
7
cuprian Mar 29, 2026 +13
infrastructure is already destroyed for years to come, some of you are in for a rude awakening. the war could end now but the economic pain for spoiled westerners hasn't even begun
13
Jurodan Mar 29, 2026 +1
Yeah... it's... really not just for westerners. In a few weeks Southeast Asia will start running out of fuel. That will crater economies and cause a ripple. As an example: Walmart has orders for c**** shirts from companies in Bangladesh. What happens when they can't make them without power? Even if they can get power the price will be much higher, meaning the factory might not even be profitable. In other countries, we won't be able to sell our tech to them because it'll just be a paperweight. This doesn't even come close to touching on the human misery it's going to cause. This is going to be the biggest goddamn catastrophe since the great depression.
1
cuprian Mar 29, 2026 +1
absolutely, for Asia and many "peripheral" countries the pain was immediate
1
limpingdba Mar 29, 2026 +1
He can certainly cause the price to shift enough to make his family very rich very quick. Once again he's admitting to crimes and his base are cheering him on.
1
DecembersDragons Mar 29, 2026 +3
Now all he's got to do is stop attacking Iran and the price of oil will fall to 80 again. The man's a god of oil. 
3
Cachmaninoff Mar 29, 2026 +31
I’m from the oil rich Canadian province of Alberta and we had a left wing premier for a couple years in the middle of decades of conservative premiers. People were saying how she controlled the price of oil and was keeping it low and I honestly think conservative voters thought it was true.
31
GoBSAGo Mar 29, 2026 +18
Biden fucked up bad hitting that high oil button. Trump should have learned from that mistake.
18
Mary_Tagetes Mar 29, 2026 +1
From the same province, I remember hearing about that, I have no idea what’s in people’s heads these days.
1
Cachmaninoff Mar 29, 2026 +1
I think it’s just people who really want to be told what to do and think.
1
H4NKSCORP10 Mar 29, 2026 +24
You mean the same guy who genuinely believes his net worth fluctuates based on how he feels when reporting it on an official financial statement? Yeah, that tracks.
24
sedatedlife Mar 29, 2026 +60
The best way to deal with the cost of oil is a major national shift to Solar, Wind and even Nuclear, in some areas. We wont care about the price of oil if we create a society where its largely not needed.
60
otatop Mar 29, 2026 +58
Sorry best I can do is pay [$1 billion to *stop* a wind farm](https://apnews.com/article/trump-offshore-wind-energy-climate-totalenergies-interior-9e7d909510473f9eb13904c8035fe047).
58
No-Restaurant-8963 Mar 29, 2026 +2
if i incorporate a wind farm conpany (wind farms r us) do you think i can get a chunk of cash also?
2
BasvanS Mar 29, 2026 +1
Depends. Are you rich enough to not need it?
1
No-Restaurant-8963 Mar 29, 2026 +1
no
1
BasvanS Mar 29, 2026 +1
No free money for you then. You need to pay off a lot of people to get that.
1
No-Restaurant-8963 Mar 29, 2026 +1
makes sense
1
chowderbags Mar 29, 2026 +1
Don't forget a massive push for public transit. Inb4 "Oh, so you're going to build subways in rural Montana?". No, obviously not. But there's no reason that American couldn't have a viable network of trams and busses inside of every city of 250k and more, with commuter rail connections out to suburbs.
1
IntellegentIdiot Mar 29, 2026 +1
One of the side effects of this war is that it's accelerated that, at least outside the US. The British government announced they were finally going to change regulations so all new houses must have solar panels and heat pumps, both long over due moves. They also will allow plug-in solar, solar panels that can plug into a wall socket so don't need an installer/electrician. Trumps attacks on Cuba have lead to a [boom in solar](https://youtu.be/XehGsUON3sg?si=3ZHh5bUUbEsAyTMB) and uptake of [Electric tricycles](https://youtu.be/HvEXm9oBdoU?si=jla6W4APZeypMLJv)
1
RamonaQ-JunieB Mar 29, 2026 +20
He also thinks he can declassify documents just by “thinking” about it, so there’s that. He’s nuts.
20
pinoy_dude24 Mar 29, 2026 +9
Can he magically disappear himself for good?
9
sxyaustincpl Mar 29, 2026 +8
[without paywall if you get one](https://archive.is/20260326115103/https://newrepublic.com/article/208138/trump-iran-war-magically-control-price-oil)
8
4ivE Mar 29, 2026 +15
That mullet, though. Looks like he wiped pisshands down the back of his head. So presidential.
15
Kurt4413 Mar 29, 2026 +14
I heard they actually removed the gas price controller from the oval office desk when clearing out Biden’s stuff. They cut the wires that ran directly to the oil price control board. When I say “they” I mean those lefty lunatics collecting paychecks from George Soros.
14
Middle-Armadillo-660 Mar 29, 2026 +5
Oh wow. He may just be a f****** idiot. Data point 918,284,273,927
5
mrg1957 Mar 29, 2026 +4
Dementia is not pretty. Please get him a nice place in a memory unit. I'm sure they have one that looks like his favorite places.
4
ArrowheadDZ Mar 29, 2026 +4
It’s funny how many republicans I know that think that Biden actually set the price for gas himself, like he had a phone on his desk and just called “the gas station department” and set the price. I suspect that Trump is in that same boat, he honestly believes that he can just bleat out prices on truth social and that’s that. People who don’t know that commodities and futures are sold on a bid/ask market, should probably STFU about the pricing of these commodities.
4
beamrider Mar 29, 2026 +1
At some point he'll Tweet out what the Dow is that day. Guarantee it'll be the bigglyiest it's ever been. Followed by an executive order declaring anyone who doesn't believe that's the actual number is a traitor. And the next night it'll be up another five hundred thousand or so.
1
PeopleRFuckingDumb Mar 29, 2026 +4
He thinks he can be the ayatollah, so, the sky's the limit
4
invalidreddit Mar 29, 2026 +1
We can only hope no one suggests P-Diddy knows about Baby Oil to the President, or else there could be a pardon with the goal of letting P-Diddy be in charge of fixing the Oil problem./s
1
goodtimesinchino Mar 29, 2026 +1
F*** Donald Trump. God bless the kids.
1
Important-Avocado401 Mar 29, 2026 +1
Well, he can make the price go up…
1
Carpenterdon Mar 29, 2026 +1
He can, he magically raised it pretty easily!
1
jayfeather31 Mar 29, 2026 +2
In fairness to Trump, it's not a completely insane thought. After all, his statements did appear to cause oil prices to drop, at least briefly. The difference now is that investors and sellers have finally caught on to his bullshit.
2
J1540 Mar 29, 2026 +2
He doesn’t care.
2
phoenixmatrix Mar 29, 2026 +2
He's just going to rename oil to "Trump" hoping people talk about peak Trump. 
2
__dilligaf__ Mar 29, 2026 +1
Good. Harder for him to distance himself from the ’Trump’ spills in the Strait of Hormuz.
1
various101 Mar 29, 2026 +2
He cant even control his own bowl movements
2
Grumpy_001 Mar 29, 2026 +2
He’s definitely influencing trading
2
Taurius2 Mar 29, 2026 +2
$114.81 Have fun paying your bills next week XD
2
dirty_Sexy_disco Mar 29, 2026 +2
This dude can’t control his bowels let alone the price of oil.
2
Prestigious-Car-4877 Mar 29, 2026 +1
Well... why does't he then?
1
downtownbake2 Mar 29, 2026 +1
What like a grand wizard ?
1
ArgyleTheDruid Mar 29, 2026 +1
He magically made the price skyrocket so there’s that
1
Significant-Fig2485 Mar 29, 2026 +1
He's the oldest president EVER ,, what do you expect solar and wind ,, NO control the oil . It's what he knows from his past , poor old git
1
canon12 Mar 29, 2026 +1
How's it working for you? I paid the most I have ever paid for gasoline yesterday. Where are the cheaper prescription prices you claimed would be a thousand percent cheaper? Which drug and insurance companies paid you off to keep things the way they were? The only thing magical he can do is steal and lie. How did you enjoy the parades over the weekend?
1
Individual-Guest-123 Mar 29, 2026 +1
the parades of which there is no coverage, well I am on the "new" sub listing, maybe I will go check the plain old politics one, see if any coverage of the "parades" is on the top.
1
EvLmong00se Mar 29, 2026 +1
He cant even control his bowels.
1
Niibler Mar 29, 2026 +1
And he can but only in one direction, up...
1
chuchoelmaximo Mar 29, 2026 +1
He thinks he can magically stop shitting his pants as well, but as we all saw on tv, when they clear the Oval Office in a hurry, that’s not happening either 🤷🏻‍♂️
1
Wandering_butnotlost Mar 29, 2026 +3
He does? This is the first I'm hearing of this.
3
rr777 Mar 29, 2026 +1
He had always thought this. Fixed with a phone call abs ruin everything in the process. He simply does not know how things work and repercussions.
1
underlyingconditions Mar 29, 2026 +4
What family and administration. members made the oil trade?
4
RevolutionNumber5 Mar 29, 2026 +1
With but a wave of his stubby digits, doth he change the fates of men.
1
username_invalid-404 Mar 29, 2026 +1
Trump thinks?
1
hymen_destroyer Mar 29, 2026 +1
Price controls are absolutely a thing... He should maybe read up on how they tend to work out historically 🤣 Love to see how his thralls try to spin this as a win for free markets
1
BigDumbandSexy Mar 29, 2026 +1
"I'll just sign an EO demanding they lower prices! "
1
JiveChicken00 Mar 29, 2026 +1
Trump thinks six impossible things before breakfast every day.
1
rockfire Mar 29, 2026 +1
All he needs is a sharpie to move the path of hurricanes...
1
kloslat Mar 29, 2026 +1
He's going to make it 200% cofefe cheaper
1
LunchyDude101 Mar 29, 2026 +1
He’s used to having tantrums and ordering people to do the impossible to feel better. (See also: The Devil Wears Prada.) Problem is he doesn’t control all of the people serving as variables in the oil equation.
1
CoastingUphill Mar 29, 2026 +1
“Trump thinks…” I’m going to stop you right there.
1
gadafgadaf Mar 29, 2026 +1
What's the use of being a wannabe authoritarian dictator Godking and not being able to make US oil/gas companies produce and refine overtime?
1
Background_Cycle2985 Mar 29, 2026 +1
we should actually start a class-action lawsuit against the oil companies. raising the oil prices for their war! why is oil going up when we don't get it from there? oh sure, they're doing it so we have more gas for c****.
1
Box_of_rodents Mar 29, 2026 +1
His new magic sharpie that replaced the $1,000 pens that will be black and have the gold White House logo on them, for only $5 each, will do it.
1
Creative_Visit122 Mar 29, 2026 +1
Ethanol-free gas is liquid gold.
1
Idredric Mar 29, 2026 +1
No, he doesn't... however, he has sold out to SA and prob at least the UAE. They DO control oil prices to a certain extent. Between the 3 of them,,, that's a LOT of oil to control so yes they can and have affected fuel prices.
1
AINonsense Mar 29, 2026 +1
[With a Sharpie.](https://www.law.cornell.edu/uscode/text/18/2074)
1
Jujubatron Mar 29, 2026 +1
About 70 million America (at least) think that too. How we let that idiotic country lead the world is crazy. I hope this time we learned our lesson.
1
Clarknotclark Mar 29, 2026 +1
Watch him try to set up price controls, completing the cycle and suddenly it’s 1969 again. Which apparently is when he thinks America was great?
1
Whole_Inside_4863 Mar 29, 2026 +1
Well he’s figured out the making it go up, now he needs to work on the going down part.
1
Ok-Annual50 Mar 29, 2026 +1
How by raising the price or by using his sharpie to change the price.
1
TwistedMemories Mar 29, 2026 +1
It worked so well on redirecting that hurricane.
1
W31337 Mar 29, 2026 +1
As long as he does what the UAE wants it could be true
1
Nthepeanutgallery Mar 29, 2026 +1
Republicans have always assumed Presidents directly control the price of oil. Democratic Presidents anyway. If it weren't for double standards conservatives would have no standards at all.
1
More_of_the-same-bs Mar 29, 2026 +1
He does not care.
1
LiercrewXtreme Mar 29, 2026 +1
Tariffs incoming ! 123% at least! Maybe 420%!
1
Equivalent_Worker687 Mar 29, 2026 +1
Any headline that starts with “Trump thinks” cannot be trusted.
1
rstew62 Mar 29, 2026 +1
Think and Trump should not be used in the same sentence.
1
bluearth Mar 29, 2026 +1
For someone who listnook thought my non america ass as a buffoon who doesn't understand anything, Donald Trump sure did have a very damaging impact to the world's energy market.
1
brute-forced Mar 29, 2026 +1
Well, his supporters believe he is a magical being so makes total sense to me… A bunch of morons being morons
1
eliota1 Mar 29, 2026 +1
He also thinks he’s healthy
1
Melodic-Lingonberry7 Mar 29, 2026 +1
just change the price with the sharpie
1
Ludwigofthepotatoppl Mar 29, 2026 +1
Of course he does, conservatives believe ‘gas price’ and ‘economy’ are two actual levers on the f****** president’s desk.
1
Zargoza1 Mar 29, 2026 +1
Step 1. Claim oil is whatever price you want it to be. Step 2. Anyone who disagrees is fake news, Trump derangement syndrome, nasty reporter, etc. Step 3. Right winged media echo chamber amplifies it. Step 4. The rubes buy it.
1
TheMeatwall Mar 29, 2026 +1
The sad part is that he can. There’s a dangerous Obama era law that lets the president control us oil exports.
1
sxyaustincpl Mar 29, 2026 +1
The problem there being, US refineries aren't equipped to process what the US produces. That's why we're a net exporter of oil, because we export so much of the oil we can't process, then import the type our refineries are designed for.
1
grodyjody Mar 29, 2026 +1
He can, Iran proved they have control over the militias by allowing exactly 10 ships through
1
fuck-nazi Mar 29, 2026 -2
I mean he could, he could literally disallow oil companies to sell outside of the US. And then control the price at which the US government would buy it to fill the strategic oil reserves
-2
zomboscott Mar 29, 2026 +10
That's not how it works , it's not how any of it works. How it does work is something like this. Most oil produced in the U.S. (via fracking) is "light, sweet" crude. Our refineries were build decades ago to process "heavy, sour" crude (thick, high sulfur) from places like Canada and the Middle East. Even if you said f*** safety permits or inspection and spent the 100 to 200 billion and retrofitted the existing refineries , that would take 10 to 15 years. By that time we are projected to run out of current known accessable deposits. So good by investment and good luck trying to renegotiate new oil trade deals after telling the world to f*** of, we don't need your oil because mom said we have oil at home.
10
professorllayton Mar 29, 2026 -1
he’s right. you keep giving him attention. so technically he’s right. 🙂‍↕️
-1
DongleJockey Mar 29, 2026 +1
If he nationalized oil companies he could.
1
ConditionHoliday2844 Mar 29, 2026 -2
Oil to $50ish
-2
Coyote65 Mar 29, 2026 +2
> Oil to $50ish This seems like an incomplete thought. What are you on about?
2
Jonathan_Goldstein Mar 29, 2026 +1
He can tho.  He's already given Iran permission to let 10 tankers through 
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sxyaustincpl Mar 29, 2026 +1
He didn't give Iran permission, because he doesn't control the strait. Iran let 10 carriers from friendly flagged nations through, to show **THEY** control it. Trump gambled and lost, it's pretty humiliating for the US to be so impotent we're begging NATO for help now with a problem we caused, because nobody was smart enough to anticipate that the most obvious objective for Iran to every administration for the past 50 years wasn't obvious to the morons in this one.
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