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IronLionZion

(51,350 posts)

4. Considering the situation in Venezuela too, maybe MAGA wants higher oil prices?

Reply to BumRushDaShow (Original post)

Sun Mar 1, 2026, 12:17 PM

Mar 1

He has said he wants Venezuela's oil. Most American oil companies don't want it due to the high cost of rebuilding the infrastructure to bring it to American refineries. So maybe high costs is the point? He also wants American companies to drill more in the USA.

Russia also benefits from higher oil prices.

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paleotn republianmushroom wiggs

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Highlight:

$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock [View all] BumRushDaShow Mar 1 OP

Somehow I doubt a 2020's oil shock will go so well for Orange Julius as the 1973 oil embargo did for Dick Nixon Vogon_Glory Mar 1 #1

Agreed. paleotn Mar 1 #6

I'm glad I went electric n/t Polybius Mar 1 #2

I'm glad I don't drive much! moonscape Mar 1 #24

Yeah, but we have all that Venezuelan oil Bayard Mar 1 #3

Forget the sarcasm emoji? paleotn Mar 1 #7

I didn't think it was necessary, but okay Bayard Mar 1 #9

Considering the situation in Venezuela too, maybe MAGA wants higher oil prices? IronLionZion Mar 1 #4

That last part. Exactly. paleotn Mar 1 #8

Yes. nt wiggs Mar 1 #12

It's times like this, I'm glad I work from home Javaman Mar 1 #5

The nation wide average price for a gallon of regular gas is just shy of $3 with a barrel of oil at $50. flashman13 Mar 1 #10

The correlation is superficial, the price of gas is based more on demand and Mosby Mar 1 #13

If a barrel of oil costs $100, producers can not sell gas for $3 a gallon. That's a fact. flashman13 Mar 1 #20

I did fill up, at costco. Mosby Mar 1 #21

Same here. Costco price was $2.79. flashman13 Mar 1 #22

trumps is hoping this happens prolong Hormuz closure republianmushroom Mar 1 #11

But that's ok BaronChocula Mar 1 #14

The United States is an oil exporter. Mosby Mar 1 #15

How about I waste NO time BaronChocula Mar 1 #16

"So please explain why the price of crude in the Persian Gulf affects the price of gasoline in the United States." BumRushDaShow Mar 1 #17

The official story Mosby Mar 1 #18

I was born and raised in the city that had the largest number of oil refineries on the east coast BumRushDaShow Mar 1 #23

It just hit over $5.00+ a gallon here CountAllVotes Mar 1 #19