Hey Muricans. Gas (as you good folk call it) prices haven't skyrocketed in your country. He done fucked it up for just about everyone. And sooner (not later), the cost of everything is going to rise because the stuff that gets transported by trucks that use diesel...
Oil prices are global. Whether that oil is being pumped out of Texas, Alaska, Norway, or Iraq, it will sell for the same price per barrel globally (depending on quality/grade of the oil). The only way to avoid this is for oil companies to voluntarily take a cut in their profits, or for governments to force them to do it. That won't happen. Third option would be a nationalised oil company that doesn't exist to make profit, I guess. Sick of the "we make it so it's cheaper" argument.
To be fair, he did say he wouldn't drag us into a years long war. So if he just gives up and walks away it will be on a short list of times he followed through on a promise.
Not in the US but I'm glad I switched to a 100% remewable energy electric company some months ago. Besides the obvious benefit to the environment, prices ain't gonna skyrocket for me as much as for people relying on fossil fuels.
He also said America didn't need any of its allies. So I can only assume they will soon be closing all of the bases they have around the world in counties that aren't theirs.
Because oil is a commodity. So it doesn't matter where it came from, it will all be priced the same. Then you take out some of the supply and don't change the demand, then prices go up.
Once again, the "great businessman" demonstrates his complete lack of understanding of how world markets work. Either he doesn't understand or he's lying to us.... or both.
Not to defend Trump but you're the fool if you think this is bad for him or his cronies. The US extracts 99% of the oil it uses and has the capability to do more. The strait of Hormuz has 0 impact on US energy independence, so when gas stations and oil companies raise prices in the US, it is just pure profit. It hurts the every man but billionaires and millionaires are thriving.
His handler understood how much it'd benefit him, and he did. The US is basically transferring money to Russia over Iranian schoolchildren's dead bodies.
He's desperate for other nations to come and bail him out. Hopefully, after ten years of this shit, they have begun to realize that doing so won't earn his gratitude. A month or so later and he won't even remember they did so.
The more he fucks up everything everywhere, the more other nations will need to step in just to prevent America's complete collapse from taking their country down too much with us in the process. Even with everyone basically trying to remove themselves from American goods, the world's economy is still tied together, so when we have our utter collapse soon, it's going to serious ripple through other countries even if their currency holds course.
Frankly, Nixon looking like a saint compared to this imbecile. And definitely was a criminal, but didnt want to take down the US government. Loathed him and lived thru his scandalous presidency, but he made some diplomatic moves that made a difference at the time. Was a scumbag however, criminally bombing Laos and Cambodia. But even Nixon would be appalled by the orange plague.
At this point, I'd be happy to have Nixon back. Hell, I'd be happy to Reagan back. Well, not happy to have them, but less unhappy than this shitshow of dumbfuckery.
It’s a mixed bag with perhaps a silver lining. Saint Ronnie’s polices were more problematic because they were persistent. Future administrations will be working to unfuck all of Fat Nixon’s fuckups. So perhaps the silver lining is the shitstain Fat Nixon created is going to be very hard, if not impossible for the GOP in the short term to wash out. The next election will be telling as will the one after.
Commodities exchange needs to be made illegal. Egg prices went up cause people bought egg shares at like 5+ dollars a dozen cause they believe prices would rise .. so prices went up.
That enemy are the billionaires and giant corporations. They'll keep pulling in the unprecedented profits as the economy spirals out of control. Then as more as more smaller companies close up and more and more people lose their houses, they'll swoop in and grab everything on the cheap. This is very much going to be used as a massive consolidation of wealth and land leading us much closer to a true final stage capitalistic society where everything is rented and nothing at all is owned.
Petroleum and its derivatives are involved in almost every single product. From packaging, to transportation, etc. It effects every markets cost, and therefore effects every single consumer.
Because the gas and oil companies are more than happy to jack up prices whenever there's any military conflict, regardless of any actual impact to production or supply. It's gonna fuck up supply lines and raise prices for sure, over the next few weeks and months. Overnight? That's just straight up gouging. Because they can.
Sure, but it’s also because blocking the strait reduces global supply, so now the same planet full of people needs the same amount of oil, but there’s less supply. Less future supply too, because Israel and America are destroying refineries.
The fun part is if it ever gets resolved and the supplies come back, the prices aren't going to drop. Thats just the norm. Look at groceries. COVID did impact the supply so prices went up. When the supply came back prices stayed and even increased because we need the goods and we were willing to pay extra. The only solution is to hold the rich accountable. Which is never going to happen until we either collapse or literally fight back
Except the majority of US refineries run on sweet light crude (which is what comes out of the middle east), and most of Etsy the US produces is heavy crude, which they can't refine. The US exports most of its production, because it's not equipped to actually do anything with it.
Public transport in the EU is fantastic. Urban planning in the EU is far better, and no one there needs to drive 10 miles (16 km) just to get groceries. No one in the EU drives 20+ miles just to get work, or worse. A fuckton of people in the EU don't even own a car, because they don't need one. Wages in the EU are generally better than in the US. And EU citizens pay less in taxes than we do.
Comparing EU and US gas prices is fucking pointless.
Tried to explain this to a bunch of conservatives when they were bitching about gas prices under Biden shortly after both Russian-Ukrainian and Israeli-Palestinian conflicts began, you think they get it now?
Yup. No actual correlation. There's simply no global market. Markets that got fossil fuels through the Strait dry up. Markets that get their elsewhere shouldn't blink an eye.
Fucking nationalize the greedy corporations and return to the pre-war price level already!
Uh huh, because nationalized oil companies are soooooo good at producing things efficiently - have you heard of Pemex and PDVSA? Pemex is a drag on the Mexico it is so inefficient and costs Mexico billions a year to subsidize.
No. What happens is suddenly the oil that is not going through the straight is worth a lot more because it is available. Countries who used to be their oil from that area are now competing and bidding up oil from other sources raising prices. Terrible take bro.
You need a haircut, I need a haircut. My barber dies. Do you think your barber isn't going to be seeing more demand and hence his/her prices are going to go up - like, literally immediately.
Witness Pemex and PDVSA and how much they have COST their governments (aka taxpayers) and come back to me. Pemex has 50 billion in debt it can barely service let alone pay back.
Yep. The price of oil is speculative, not based on supply and demand. The 1979 oil crisis was caused by a FOUR% drop in production. It's all totally fuckin fabricated, the strait of hormuz closing has 0 impact on the US's oil Independence but prices will still go up because it's a privatized energy sector.
There is very little slack in oil supply, and demand is very inelastic. The world can’t just cut back on demand easily, we generally don’t have alternatives, so any significant disruption to supply creates spikes in pricing. That said, the market can be manipulated, and there have been multiple instances where hedge funds have driven up the price of oil without good cause.
It's pretty easy to look up types of oil that are pulled up, the differences in refining each, and the refining capabilities of countries re: each of those types of oil.
Same with Russia, actually, their crude oil is impure AF and shit to process, with lots of sand and water in it. Germany is one of the few western countries with a refinery that is literally specialised for it (due to it having been set up during the time of the Soviet Union, and Russia basically being the oil supply).
Meanwhile, the North Sea (Norwegian mostly) oil, 'Brent', is free of that, but has other issues. For 'optimal' oil, you try to blend different sources.
You have no idea how any of this works, do you? It’s a global commodity. If Europe needs oil and can’t get it through the strait of Hormuz, they will buy it from other producers, including US. If they are willing to pay more per barrel, American producers will gladly sell it to them and make more money. And everyone is willing to pay more because they simply have to since almost all transportation globally runs on oil.
Except its a global economy. Its effectively restricting supply from a global perspective. Supply goes down, price goes up, this isn't even economics 101 stuff, this is like school house rock level economics lesson.
Exactly. Oil is a global commodity. The US grows enough rice to meet domestic demand, but a drought in India is still going to make the cost of rice go up at my grocery store in Pennsylvania. Same with oil. That said, US oil companies absolutely overcompensate and profit from conflict way more than the market fully explains.
Yea but to explain that, it goes into much more depth than the average imgur comment reader is going to stick around for. Its a lot easier to be cynical than to try and actually learn how things worth. Open global trade is a good thing, but it also comes with speculative markets which is why we see prices jump rapidly over something as little as a rumor.
Yea but if he did that, he wouldnt be able to flood the market and "reduce" gas prices to ~$2/gallon which he was boasting he would do. So dude tried to have his cake and eat it too.
I wouldn't be surprised if the idea is something like, someone who would have been in support of the tanks, not the civilians, at Tiananmen Square. Or who would be happy to agree with the modified pictures that showed only tanks there, and not the people resisting.
obesz
Aww, I've been binging Columbo episodes lately. I love that character.
laurapede83
And all the other stupid excuses this asshole 'told' us. Man his spin on shit makes me dizzy.
Jimthebutler
Alright, then your allies dont need to open it, fat man.
DrinkingBliss
Hey Muricans. Gas (as you good folk call it) prices haven't skyrocketed in your country. He done fucked it up for just about everyone. And sooner (not later), the cost of everything is going to rise because the stuff that gets transported by trucks that use diesel...
xstickman
Oil prices are global. Whether that oil is being pumped out of Texas, Alaska, Norway, or Iraq, it will sell for the same price per barrel globally (depending on quality/grade of the oil). The only way to avoid this is for oil companies to voluntarily take a cut in their profits, or for governments to force them to do it. That won't happen. Third option would be a nationalised oil company that doesn't exist to make profit, I guess. Sick of the "we make it so it's cheaper" argument.
TheRealArclight
didgeboy287
Our president playing 1-d checkers here
miked854
To be fair, he did say he wouldn't drag us into a years long war. So if he just gives up and walks away it will be on a short list of times he followed through on a promise.
hsalonen3000
Because Trump lies to his supporters about everything. So they can blame Biden for the gas prices, or something.
spitfires2000
This kind of logic is way beyond him & them. They play 4D chess... you know... /s
huffnpuff72
Its called profiteering.
WackyWavingInflatableArmFlailingTubman
Columbo looks like the older version of the dude who does the Tucker Carlson impression on SNLs Weekend Update.
This is the rule.. this is the goal now
Jaco927
cousteau
Not in the US but I'm glad I switched to a 100% remewable energy electric company some months ago. Besides the obvious benefit to the environment, prices ain't gonna skyrocket for me as much as for people relying on fossil fuels.
wolfspirit21
And why is he begging for other countries to open it? Weak, spinless, coward
Caughtintheconcentricelipsesofchaosanditsinnatemadness
He probably doesn't even tie his own shoes. Of course he's not going to do anything beneficial.
MajorNikon
lildude52ca
so you're telling me.... the fucking piece of shit that got it closed doesnt want to open it again? What a cunt
CyrilConnolly
themobileappisbroken
He also said America didn't need any of its allies.
So I can only assume they will soon be closing all of the bases they have around the world in counties that aren't theirs.
RCSpotz
Honestly don't understand why those other countries aren't doing this right now.
mycatsings
lostlittletimeonthis
He threatened to close all bases in Spain for instance
Pentjotal
Those guys posted there must be pissed. I guess it's way better than Arkansas, no offense.
deechill
Pretty sure anywhere in span is better than most or all American states :/
bittenicht39
And losing all their power projections.
cabalin
Mission Accomplished - Putin
activeracer28
Because big oil knows they can. Not like anyone will just open up their own oil company and sell it cheaper.
It's a monopoly that heavily sponsors politicians. So our leaders do nothing to stop it while using tax money to give them subsidies too.
martineb72
Because oil is a commodity. So it doesn't matter where it came from, it will all be priced the same. Then you take out some of the supply and don't change the demand, then prices go up.
newdeckchairforthetitanic
Can you say…”profit driven price gouging “ ?
theyallwenttoMexico
Nothing he says should ever be misunderstood as truth.
anotherrandomname
Once again, the "great businessman" demonstrates his complete lack of understanding of how world markets work. Either he doesn't understand or he's lying to us.... or both.
Trunkmonkay
Not to defend Trump but you're the fool if you think this is bad for him or his cronies. The US extracts 99% of the oil it uses and has the capability to do more. The strait of Hormuz has 0 impact on US energy independence, so when gas stations and oil companies raise prices in the US, it is just pure profit. It hurts the every man but billionaires and millionaires are thriving.
TungstenOrbital
The dementia
LicensedAdHominem
His handler understood how much it'd benefit him, and he did. The US is basically transferring money to Russia over Iranian schoolchildren's dead bodies.
boxbackknitties
That last thing, I think.
BobJones786
He's going to bankrupt America. He will cause the next financial crisis by defaulting on the debt payments.
carbonr1
He is an idiot.
salanJokeBandit
Both
AndyLaboymorelikeLaMan
The easiest way to tell if Trump is lying is to watch his mouth. If it's moving, he's lying.
TheMightyMollusk
If it's not moving, he probably fell asleep again.
MadamPuddifoot
He lost doesn't understand
OmNachoMama
Doesn't care either
CP3oh
He's desperate for other nations to come and bail him out. Hopefully, after ten years of this shit, they have begun to realize that doing so won't earn his gratitude. A month or so later and he won't even remember they did so.
EroticZombiePants
The more he fucks up everything everywhere, the more other nations will need to step in just to prevent America's complete collapse from taking their country down too much with us in the process. Even with everyone basically trying to remove themselves from American goods, the world's economy is still tied together, so when we have our utter collapse soon, it's going to serious ripple through other countries even if their currency holds course.
CorvidPrime
He said WE don’t use it. The tankers that supply us oil do… (I honestly believe that’s how he thinks and doesn’t see why that’s a problem for us)
MajorNikon
Fat Nixon just removed sanctions on Iranian oil already at sea.
scd8556ditter
Frankly, Nixon looking like a saint compared to this imbecile. And definitely was a criminal, but didnt want to take down the US government. Loathed him and lived thru his scandalous presidency, but he made some diplomatic moves that made a difference at the time. Was a scumbag however, criminally bombing Laos and Cambodia. But even Nixon would be appalled by the orange plague.
CaptainRedbeardButOnlyTheBeard
At this point, I'd be happy to have Nixon back. Hell, I'd be happy to Reagan back. Well, not happy to have them, but less unhappy than this shitshow of dumbfuckery.
MajorNikon
It’s a mixed bag with perhaps a silver lining. Saint Ronnie’s polices were more problematic because they were persistent. Future administrations will be working to unfuck all of Fat Nixon’s fuckups. So perhaps the silver lining is the shitstain Fat Nixon created is going to be very hard, if not impossible for the GOP in the short term to wash out. The next election will be telling as will the one after.
Martelmungo
Commodities exchange needs to be made illegal. Egg prices went up cause people bought egg shares at like 5+ dollars a dozen cause they believe prices would rise .. so prices went up.
HummingBirrb
In the long run, inflation will get real, and $ loses the value, he is setup or an enemy of the USA
If gas prices rise up, the price of logistics too, and eventually it reaches your everyday item on the supermarket shelf
EroticZombiePants
That enemy are the billionaires and giant corporations. They'll keep pulling in the unprecedented profits as the economy spirals out of control. Then as more as more smaller companies close up and more and more people lose their houses, they'll swoop in and grab everything on the cheap. This is very much going to be used as a massive consolidation of wealth and land leading us much closer to a true final stage capitalistic society where everything is rented and nothing at all is owned.
Caughtintheconcentricelipsesofchaosanditsinnatemadness
Petroleum and its derivatives are involved in almost every single product. From packaging, to transportation, etc. It effects every markets cost, and therefore effects every single consumer.
invisiblemaniac
Because the gas and oil companies are more than happy to jack up prices whenever there's any military conflict, regardless of any actual impact to production or supply. It's gonna fuck up supply lines and raise prices for sure, over the next few weeks and months. Overnight? That's just straight up gouging. Because they can.
OverwhelmingSurplusOfDiggity
Sure, but it’s also because blocking the strait reduces global supply, so now the same planet full of people needs the same amount of oil, but there’s less supply. Less future supply too, because Israel and America are destroying refineries.
MattoJanai
The fun part is if it ever gets resolved and the supplies come back, the prices aren't going to drop. Thats just the norm. Look at groceries. COVID did impact the supply so prices went up. When the supply came back prices stayed and even increased because we need the goods and we were willing to pay extra. The only solution is to hold the rich accountable. Which is never going to happen until we either collapse or literally fight back
Caughtintheconcentricelipsesofchaosanditsinnatemadness
It's a strategy; "Rise like a rocket, fall like a feather."
Arcadian1
It's simpler than that. When you strangle supply demand increases across the board.
Evi1Gav
Except the majority of US refineries run on sweet light crude (which is what comes out of the middle east), and most of Etsy the US produces is heavy crude, which they can't refine. The US exports most of its production, because it's not equipped to actually do anything with it.
Caughtintheconcentricelipsesofchaosanditsinnatemadness
Yes it is. Unfortunately it's a strategy; "Rise like a rocket, fall like a feather."
CallMeCourierSix
Prepare yourselves for $8/gallon gas. It's very likely to happen.
Bubble181
Still cheaper than most European prices even before current rises. Welcome to the club
CallMeCourierSix
Public transport in the EU is fantastic. Urban planning in the EU is far better, and no one there needs to drive 10 miles (16 km) just to get groceries. No one in the EU drives 20+ miles just to get work, or worse. A fuckton of people in the EU don't even own a car, because they don't need one. Wages in the EU are generally better than in the US. And EU citizens pay less in taxes than we do.
Comparing EU and US gas prices is fucking pointless.
NOINITIATIVE
Tried to explain this to a bunch of conservatives when they were bitching about gas prices under Biden shortly after both Russian-Ukrainian and Israeli-Palestinian conflicts began, you think they get it now?
GoSibi
No, I do not believe that they do.
NOINITIATIVE
They were all cops I used work with, so I have my doubts as well.
WholeWheatBunnyHugger
Waitaminit. I thought Price gouging was illegal!!
Greyp
well, we cosplay democrats occasionally, but it doesn't go anywhere.
https://www.congress.gov/bill/119th-congress/senate-bill/2321
S.2321 - Price Gouging Prevention Act of 2025 [119th Congress]
SedatedSl0th
That’s the fun part, it is! Just not in the United States of embarrassment.
Margrave9000
Yup. No actual correlation. There's simply no global market. Markets that got fossil fuels through the Strait dry up. Markets that get their elsewhere shouldn't blink an eye.
Fucking nationalize the greedy corporations and return to the pre-war price level already!
LuveBunny
Uh huh, because nationalized oil companies are soooooo good at producing things efficiently - have you heard of Pemex and PDVSA? Pemex is a drag on the Mexico it is so inefficient and costs Mexico billions a year to subsidize.
FrozenCoast
No. What happens is suddenly the oil that is not going through the straight is worth a lot more because it is available. Countries who used to be their oil from that area are now competing and bidding up oil from other sources raising prices. Terrible take bro.
LuveBunny
You need a haircut, I need a haircut. My barber dies. Do you think your barber isn't going to be seeing more demand and hence his/her prices are going to go up - like, literally immediately.
Margrave9000
Why are you refusing to support nationalizing industries that are jacking up prices and fueling inflation?
Do you believe you'll get a yacht, too?
LuveBunny
Witness Pemex and PDVSA and how much they have COST their governments (aka taxpayers) and come back to me. Pemex has 50 billion in debt it can barely service let alone pay back.
Margrave9000
How much did Halliburton cost to the world?
Caughtintheconcentricelipsesofchaosanditsinnatemadness
With the current administration? Do you really believe that would turn out well???
Trunkmonkay
Yep. The price of oil is speculative, not based on supply and demand. The 1979 oil crisis was caused by a FOUR% drop in production. It's all totally fuckin fabricated, the strait of hormuz closing has 0 impact on the US's oil Independence but prices will still go up because it's a privatized energy sector.
LaffertyDanie1
A 4% change in the balance of a commodity market is MASSIVE and the US is net short crude
axiomatik
There is very little slack in oil supply, and demand is very inelastic. The world can’t just cut back on demand easily, we generally don’t have alternatives, so any significant disruption to supply creates spikes in pricing. That said, the market can be manipulated, and there have been multiple instances where hedge funds have driven up the price of oil without good cause.
PirateOne
The US doesn’t have any refineries that process the type of oil the US produces. We sell our oil and buy oil from elsewhere.
Trunkmonkay
Me when I believe the lie
MajorasTerribleFate
It's pretty easy to look up types of oil that are pulled up, the differences in refining each, and the refining capabilities of countries re: each of those types of oil.
DocNitro
Same with Russia, actually, their crude oil is impure AF and shit to process, with lots of sand and water in it.
Germany is one of the few western countries with a refinery that is literally specialised for it (due to it having been set up during the time of the Soviet Union, and Russia basically being the oil supply).
Meanwhile, the North Sea (Norwegian mostly) oil, 'Brent', is free of that, but has other issues. For 'optimal' oil, you try to blend different sources.
Mack1986
There is no such thing an oil independence because its a global commodity so it 100% has an impact on tbe US supply
Trunkmonkay
Me when I believe every word Exxon tells me
axiomatik
You have no idea how any of this works, do you? It’s a global commodity. If Europe needs oil and can’t get it through the strait of Hormuz, they will buy it from other producers, including US. If they are willing to pay more per barrel, American producers will gladly sell it to them and make more money. And everyone is willing to pay more because they simply have to since almost all transportation globally runs on oil.
Trunkmonkay
Me when I buy into the lie of the US not having energy independence
Mack1986
No. You just have the economic sense of a grade school dropout like most maga. Read a fucking book instead of reddit
Atomic2
Except its a global economy. Its effectively restricting supply from a global perspective. Supply goes down, price goes up, this isn't even economics 101 stuff, this is like school house rock level economics lesson.
FlatPlutoSociety
Exactly. Oil is a global commodity. The US grows enough rice to meet domestic demand, but a drought in India is still going to make the cost of rice go up at my grocery store in Pennsylvania. Same with oil. That said, US oil companies absolutely overcompensate and profit from conflict way more than the market fully explains.
Atomic2
Yea but to explain that, it goes into much more depth than the average imgur comment reader is going to stick around for. Its a lot easier to be cynical than to try and actually learn how things worth. Open global trade is a good thing, but it also comes with speculative markets which is why we see prices jump rapidly over something as little as a rumor.
Lutki
Also the us could have weathered the oil squeeze better if trump refilled the federal oil reserve before declaring war with the people who sell oil.
Atomic2
Yea but if he did that, he wouldnt be able to flood the market and "reduce" gas prices to ~$2/gallon which he was boasting he would do. So dude tried to have his cake and eat it too.
ThisNameUnavailable
Too complicated for the tankies.
FlatPlutoSociety
We're just calling anyone a tankie these days, huh?
ThisNameUnavailable
I actually didn't call anyone a tankie. I stated that the quality of understanding a global economy was too complicated for those who are tankies.
neo154
What is a tankie ?
FlatPlutoSociety
Originally it was a term for people who make excuses for the violent authoritarianism of 20th century communist governments.
MajorasTerribleFate
I wouldn't be surprised if the idea is something like, someone who would have been in support of the tanks, not the civilians, at Tiananmen Square. Or who would be happy to agree with the modified pictures that showed only tanks there, and not the people resisting.
ThisNameUnavailable
Authoritarian communist.