- cross-posted to:
- usa@midwest.social
- usa@lemmy.ml
- cross-posted to:
- usa@midwest.social
- usa@lemmy.ml
The Trump administration has started to panic about the spiking price of oil.
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.
You must log in or register to comment.
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
In what world is it a surprise to see oil prices spiking when you launch an attack on an oil producer in the middle east? Iran has repeatedly threatened to shut down the Strait of Hormuz over the years, which would stop the flow of ~30% of the world’s oil. It’s one of the very few levers of power Iran has to pull, and anyone with an ounce of common sense knew they’d do it if attacked. Fortunately, we’re in a midterm election year, so the catastrophe Trump has teed up will hopefully torpedo Republicans’ grip on Congress.
Because an inherent distrust of experts leads to a reduction in expertise which leads to imbeciles being surprised their ideas don’t actually work in the real world.
This is key to why dictatorships decline and fall. Dictators cast out naysayers and refuse to listen to evidence that contradicts them. So they are eventually surrounded by incompetents or manipulators.
But being surprised at increased oil prices after bombing Iran like a week ago?
Are his advisors that deep in their media and social echo chambers? Is this just a line fed to the press?
They didn’t see this coming?
apparently Baron did, the rest? not so much.
They don’t care, their goals have nothing to do with pleasing American people or even securing a republican electoral mandate. They have no plan beyond smashing every piggy bank they can get their hands on, and they’ve been wildly successful while we’re all out here screaming about unjust military actions and Epstein.
They are getting everything they want and will face no repercussions past a few rats that won’t flee the ship fast enough when the sinking starts.
They didn’t even bother to fill up the strategic oil reserve
If you’re trying to wreck the dollar, this is what you want to happen.
It was presumably planned to be a three-day special military operation. The people would rise up and support the invaders once the leaders were taken out in the initial decapitation strike.
Bomb Exxon, you dumb twats.
Just what did these nine dimensional chess players think was going to happen by doing Israel’s bidding and attacking Iran?
you can bet Putin knew what would happen. Ca-chingski.
This Leopard Is Eating His Own Face
$4.99 for 100ea on Etsy, showing as a ‘hot’ item and bestseller. I doubt we’ll see them in the quantities we saw the Biden stickers but it’s pretty funny.
Christ, I hope we see a lot more, given it’d actually be accurate in this case.
I’d buy some if they added “along with many, many girls aged 12-14”
Ooo, I have a few left from the grocery hike, time to go dig 'em out.
Well what the heck did ya think would happen dumdum
Remember when they asked Ukraine to stop bombing Russian oil infrastructure and Ukraine told them to go suck a fat one.
He has no economic accomplishments
Sure he does!
The man pissed through his $400 million dollar inheritance in just a few years, say what you want, that’s impressive!
LOL, I know, right? I find it hilarious that the RWAs think that CNN is “liberal”, LOL. Someone typed that up and expected people to take that sentence at face value.
Now now, he made quite a pretty penny on that crypto rug pull.
No one reads…
I don’t know, bankrupting casinos is quite the accomplishment.
… context
Here’s some advice…
STOP POINTLESS WARS ASSHOLES.
For a party that campaigned on no WARS, they sure have started lots of them in various ways over the past year. Fucking moron pedophiles.
It’s not pointless for Boeing, Northrup, Israel, and other “donors”. They will make a KILLING
Oh right, sorry. How could I forget about the poor military industrial complex. My bad! They gotta eat!
Hey don’t let Congress of the hook there, it’s the congressional military industrial complex, to quote Eisenhower.
I know this is an edit but I could definitely see Scooby doo doing this as a skit at least once. Specifically the OG, a pup named Scooby doo, or Mystery Incorporated. Also shout out to the early aughts movies who did some similar gags.
Wow, big Scooby Doo nerd over here.
Someone finally remembered the way through this president other than bribes is the stock market.
It’s not a “this President” problem, it’s the norm. See Citizens United and Super PACs for further details.
It’s not a bribe when it’s a legal “donation”!
both candidates had a billion dollars “donated”, and there’s so much that we don’t often get to see.
No healthy, functioning Republic would elect Trump. Twice. He’s the natural result of decades of corruption (legal though, so it’s not officially corruption, wink wink)
… some of his key economic accomplishments.
Name one there asshat journalist.
Also, keep in mind that a fat ego wounded animal and his psycho pack will be lashing out with this kind of news and respond with stuff like passing the SAVE act to save their own skins.
Regardless of what you think about him, gas prices have been great the last few months. That was like the only thing that was going well for him.
Gas prices affect literally everything else so we can expect costs for groceries to spike as well pretty soon.
The gas prices I was paying were almost exactly the same as I paid in October 2024. IOW I don’t see him doing any better than Biden.
Who would have guessed that invading another country with oil would help american oil prices…
The economic accomplishment of helping the Warner Bros Discovery buyout to change how CNN reports on him: https://edition.cnn.com/2025/12/10/media/trump-cnn-sold-paramount-warner-bros-netflix
ThE DoW. tHe dOw IS oVeR 50,000!
Didnt he raid Venezuela to steal their oil? If so he WANTS prices to go up to sell that stolen oil for more $$$
It’ll be years before the US gets their hands on that oil, they can only sell the shipping containers they stole.
I wouldn’t be surprised, also the rising oil prices help his friend Putin.
the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.
Jesus fucking christ, name ONE. And by name one, I specifically mean a net positive that would actually be reversed by this new negative, instead of just adding to the colossal overdraft of negatives already accruing on all our accounts.
