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Rhiannon12866

(254,523 posts)
Thu Mar 12, 2026, 09:40 PM Thursday

Trump celebrates high oil prices: 'We make a lot of money' - All In - MS NOW



“Do you think that is a winning message heading into the midterms? ‘I started a war that is going to make gas way more expensive, but don't worry, the oil companies are going to get rich,’” says Chris Hayes. - Aired on 03/12/2026.
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Trump celebrates high oil prices: 'We make a lot of money' - All In - MS NOW (Original Post) Rhiannon12866 Thursday OP
Just like saying that 'no one cares about housing right now'.... democratsruletheday Thursday #1
MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news' LetMyPeopleVote Friday #2

democratsruletheday

(1,868 posts)
1. Just like saying that 'no one cares about housing right now'....
Thu Mar 12, 2026, 10:12 PM
Thursday

the orange fucksicle is out of touch, deranged and worthless as tits on a boar.

LetMyPeopleVote

(178,969 posts)
2. MaddowBlog-Trump and his allies pitch a new idea: Maybe higher gas prices aren't 'bad news'
Fri Mar 13, 2026, 04:45 PM
Friday

We’ve reached the point at which the president wants consumers to be glad they’re paying more at the pump.

Trump, in late October: “With the Democrats, you’ll be paying , , and a Gallon.”

Trump, today, as gas prices approach the levels he warned about five months ago: “When oil prices go up, we make a lot of money.”

If Dems are lucky, the White House will keep pushing this line.

Steve Benen (@stevebenen.com) 2026-03-12T16:48:06.117Z

https://www.ms.now/rachel-maddow-show/maddowblog/trump-and-his-allies-pitch-a-new-idea-maybe-higher-gas-prices-arent-bad-news

It was against this backdrop that the Republican president rolled out a very different kind of message on Thursday morning. Just 17 weeks after he wrote, “Under President Trump, ME, Gasoline will come down to approximately $2 a Gallon,” Trump tried selling Americans on the opposite message.

“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,” Trump wrote.

Yes, we’ve reached the point at which the president wants consumers to be glad they’re paying more at the pump.

As a substantive matter, the problem with Trump’s claim is that the word “we” was doing a lot of work in his sentence. It’s true that the United States is producing a lot of oil, and it’s also true that higher prices help generate oil industry profits. But since the number of Americans who benefit from oil industry profits is very small, few will likely celebrate the hit to their wallets.

Complicating matters, Trump isn’t alone on this. Kelly Loeffler, head of the Small Business Administration, downplayed the importance of rising gas prices in a podcast interview this week. And on Thursday morning, Energy Secretary Chris Wright appeared on Fox News and pushed a line that was eerily similar to the president’s: “Fortunately, the United States, we produce more oil than we can consume; we’re a net oil exporter. So overall for the U.S. economy, this isn’t bad news.”

This is a message that Republicans will continue to embrace in the coming weeks and months if Democrats are extremely lucky.
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