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IronLionZion

(51,089 posts)

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

Reply to BumRushDaShow (Original post)

Sun Mar 1, 2026, 11:17 AM

Yesterday

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 Yesterday 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 Yesterday #1

Agreed. paleotn Yesterday #6

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

I'm glad I don't drive much! moonscape 18 hrs ago #24

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

Forget the sarcasm emoji? paleotn Yesterday #7

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

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

That last part. Exactly. paleotn Yesterday #8

Yes. nt wiggs 21 hrs ago #12

It's times like this, I'm glad I work from home Javaman Yesterday #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 Yesterday #10

The correlation is superficial, the price of gas is based more on demand and Mosby 21 hrs ago #13

If a barrel of oil costs $100, producers can not sell gas for $3 a gallon. That's a fact. flashman13 18 hrs ago #20

I did fill up, at costco. Mosby 18 hrs ago #21

Same here. Costco price was $2.79. flashman13 18 hrs ago #22

trumps is hoping this happens prolong Hormuz closure republianmushroom 23 hrs ago #11

But that's ok BaronChocula 20 hrs ago #14

The United States is an oil exporter. Mosby 20 hrs ago #15

How about I waste NO time BaronChocula 20 hrs ago #16

"So please explain why the price of crude in the Persian Gulf affects the price of gasoline in the United States." BumRushDaShow 20 hrs ago #17

The official story Mosby 19 hrs ago #18

I was born and raised in the city that had the largest number of oil refineries on the east coast BumRushDaShow 18 hrs ago #23

It just hit over $5.00+ a gallon here CountAllVotes 18 hrs ago #19