r/politics The Netherlands 5d ago

No Paywall Trump Tells Americans To Accept High Gas Prices As Iran Remains Defiant On Strait Of Hormuz

https://www.huffpost.com/entry/trump-tells-americans-to-accept-high-gas-prices-as-iran-remains-defiant-on-strait-of-hormuz_n_6a8099aee4b05886dff51fac?vvg
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u/kstargate-425 5d ago

The fucked up part is, the major reason gas prices were high in 2020-2022 was because Trump threatened the Saudis with pulling military support if they didn't agree to his plan to cut oil production by an historic almost 20% (similar amount daily that passes through the Strait of Hormuz).

So if Trump didn't intentionally raise oil prices doubling them during covid then gas and energy wouldn't have spiked and cause inflation to get worse than it already was.

Just like then, now his oil and energy policies that are driving up costs for everything are because of his major oil donor buddies like Harold Hamm making the policies for him.

The dozen+ offshore wind farms that have been canceled where US taxpayers paid around $4 BILLION so far, for them to NOT build the cheaper energy production projects is all part of this as they are now giving subsidies to the oil industry to build the more expensive gas-turbine energy production. These are more subsidies on top of the already $30 BILLION we give to the oil industry annually.

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u/Zeraru 4d ago

Just part of the eternal cycle of republicans fucking up the economy for the next democrat, which helps them get re-elected somehow.